THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Reworked mortgages not working

Even after help, homeowners end up back in default

Representative Barney Frank threatened to tie up financial industry rescue money unless some is used to modify troubled mortgages. Representative Barney Frank threatened to tie up financial industry rescue money unless some is used to modify troubled mortgages.
By Jenifer B. McKim
Globe Staff / December 9, 2008

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

More than half of delinquent borrowers who had their mortgages reworked earlier this year to avoid foreclosure were behind on their new loan payments after just six months, a federal regulator said yesterday. (Full article: 911 words)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?

Non-Subscribers

Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass