WASHINGTON — Two federal mortgage programs that would be repealed under Republican bills passed in the U.S. House of Representatives, as well as the government’s modification program, haven’t had much impact in Nevada and likely won’t have a big impact if they are eliminated. The prospect of a loan modification without equity recovery offered upside-down borrowers less incentive than walking away. One program, however, more directly addresses Nevada’s needs, while a recent settlement is providing additional resources.
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