Fewer homeowners had mortgages modified last month

10/26/2010 | New York Times (tiered subscription model), The

The Treasury Department said that 28,000 homeowners received permanent modifications to their mortgages last month, the lowest since the government's Making Home Affordable Program was just getting started. Meanwhile, home sellers are facing challenges as home sales drop and prices start to decline again after stabilizing, according to two separate reports. The data suggest that the housing market remains fragile amid lenders' foreclosure freezes.

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