Anti-Foreclosure Program Shows Participation Gains
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More than 30,000 homeowners permanently lowered their mortgage payments last month as participation in the government’s anti-foreclosure program accelerated, the U.S. Treasury Department reported.
Borrowers aided by the Home Affordable Modification Program grew to 579,650 in December, 5.5 percent more than a month earlier. Participation had grown 4.5 percent in November.