January 18, 2008

370,000 homeowners aided in second half of ’07 (Reuters)

A foreclosure sign is seen in Antioch, California November 27, 2007. An alliance of mortgage counselors, lenders and servicing companies on Friday said the industry helped 370,000 homeowners avert foreclosure in the second half of 2007. (Erin Siegal/Reuters)Reuters – About 370,000 strapped U.S. borrowers
averted foreclosure last year as a large number of homeowners
responded to a government-backed effort by the mortgage
industry to stem surging delinquencies.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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