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Treasury Secretary Unveils Small Steps to Augment Loan Modification Program

New York Times

June 26, 2014

The Obama administration will take further steps to ease foreclosures, rising rents and scarce mortgages, Jacob J. Lew, the Treasury secretary, said on Thursday at a conference observing the fifth anniversary of Making Home Affordable, a suite of federal programs aimed at helping homeowners after the financial crisis.

Mr. Lew’s announcement came on the heels of a new wave of criticism — occasioned by the publication of a memoir by his predecessor, Timothy F. Geithner — that Treasury’s efforts to help homeowners were inadequate. (Salon’s take: “This man made millions suffer: Tim Geithner’s sorry legacy on housing.”)

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