Foreclosure prevention group says more work is needed

As of the end of January, the Hope Now Alliance of organizations working to mitigate home mortgage foreclosures has “not yet made a major difference in preventing unnecessary foreclosures,” concluded the State Foreclosure Prevention Working Group coordinated by the Conference of State Bank Supervisors. In a report issued April 22, the organization said: “We see little likelihood that ongoing efforts will make a serious dent in the level of unnecessary foreclosures.”The report is a follow-up to the organization’s first . . .

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