Man, talk about change, I can here it jingling.Dec 10 03:34 PM US/Eastern
By ALAN ZIBEL
AP Real Estate Writer
WASHINGTON (AP) - Just over 31,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, a big setback for the government's embattled effort to stem the foreclosure crisis.
Lenders say they are having a hard time getting borrowers through the trial period, which can last up to five months. Many homeowners who were given verbal approval for the program have not returned the necessary documents.