Chase Home Finance, Wells Fargo Bank, GMAC Mortgage, CitiMortgage, Select Portfolio Servicing and Saxon Mortgage Services were named as the first six lenders that will get federal money to help homeowners avoid foreclosure. The $50 billion program will allot a maximum of $9.9 million to participating companies. Chase Home Finance gets the biggest allotment of money in the first allocation, $3.6 billion.
Trending
Six named for Obama relief program
Recommended For You