The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
August 5, 2009

$75B Mortgage Program Aids Just 9% of Eligible Homeowners
---------------------------------------------------------



New figures show just nine percent of eligible homeowners have been
aided by the latest government program to help prevent foreclosures. The
Treasury Department says just over 235,000 people have received loan
modifications under the $75 billion taxpayer-funded initiative. The
Treasury singled out the bailed-out banks Bank of America and Well Fargo
as among those that have most failed to assist eligible borrowers.



.