A new program to help delinquent mortgage borrowers stave off foreclosure doesn't really help much, according to some experts.
As details about the program, which was announced Tuesday, become more clear, some question whether eligibility requirements make it a lifeline that falls flat.
"Project Lifeline" is spearheaded by Bank of America, Citigroup, Countrywide, J.P. Morgan, Washington Mutual and Wells Fargo which account for 50 percent of the mortgage servicing market.
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