Mortgage help: 170,000 get permanent aid

More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they've received permanent modifications under the Obama administration's foreclosure prevention program. Some 15.5% of those who entered the program have gotten long-term adjustments through February; up from 11.5% a month earlier, according to a report from Treasury officials issued on Friday. An additional 91,800 permanent modifications have been approved by servicers and are pending borrower acceptance. And more than 88,600 people have been denied lasting help because they did not meet the program's criteria, while another 1,499 homeowners have had their permanent modification terminated.
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