Through the end of July, Bank of America had modified just 4% of its most delinquent loans eligible for the foreclosure-prevention program.
Homeowners stuck in a bad loan are having trouble getting a modification because of a loan-packaging trend.
Today, the Treasury Department released data has been performing and a a number of the largest servicers are lagging badly behind the others.
Less than a third of bailed-out banks said their lending levels would have been lower without TARP funds.
President Obama expressed disappointment with the progress of his mortgage modification program.
The Department of Energy will announce that it will begin handing out sums from a $25 billion loan program for the development of fuel-efficient cars.
Federal stimulus funds have swooped in to prevent service cuts to healthcare and education, but no such remediation has been granted to public transit.
One company that has received 12 stimulus contracts is tracking their work via YouTube.
Many states have so mismanaged their unemployment funds that they're running out of money--or already have.
Banks are overwhelmed by requests for mortgage modifications, frustrating many homeowners.