The Real Deal Miami

Mixed results from mortgage assistance

June 29, 2009 11:44AM

Despite a wave of publicity, the Obama administration’s mortgage assistance programs are faring unevenly, particularly in South Florida. There’s little interest in loan modifications among South Florida lenders, said Allen Robinson, managing partner of First Trust Mortgage Corporation. Compounding the problem, Jessica Cecere of the Consumer Credit Counseling Service of Palm Beach said, fewer than 2 percent of requests are being modified because the volume of people asking for help is so large.