President Obama's plan to help mortgage borrowers who are in trouble is failing for many. Almost 1 million borrowers applied for the mortgage modification program, however only 65,000 or 7 percent have completed the modification. Approximately 50,000 borrowers dropped out because they didn't qualify and the rest of those that applied are still waiting.
For more information on the mortgage modification program or to apply for a mortgage loan or refinance, contact Jeff Sargent of ONB Mortgage at 918-392-6572 or visit his website here.
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