BUSINESS
03/18/2010 05:12 am ET | Updated May 25, 2011

Quarter Of Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an average of $640 a month, or 40 percent. But a recent survey of large mortgage servicers published by the Treasury Department found that that more than 25 percent of borrowers in the program were not current on their trial payments.

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