Treasury says1 million homeowners in loan modifications
An Obama administration program to help struggling homeowners modify their mortgages has more than a million active borrowers, though far fewer of the program's eligible borrowers have obtained permanent loan modifications, according to a Treasury Department report released on Friday.
It said there were 1,003,902 active loan modifications through February and 168,708 of those have been made permanent. That was up from 946,735 active loan modifications and 116,297 permanent loan modifications through January.
(Reporting by Corbett B. Daly; Editing by Neil Stempleman)
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