© 2024 KRWG
News that Matters.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Thousands of New Mexico Homeowners Facing Foreclosure May Benefit From Settlement

By Evan Woodward

http://stream.publicbroadcasting.net/production/mp3/krwg/local-krwg-816537.mp3

Las Cruces, NM – Thousands of New Mexico homeowners facing foreclosure may be eligible for mortgage loan modifications under a settlement agreement reached between the state Attorney General's office and Countrywide Home Loans. As KRWG's Evan Woodward reports, more than 8% of Countrywide's mortgage loans in the state are delinquent or facing foreclosure.