The Treasury Department announced plans to beef up its foreclosure-prevention effort by pressuring mortgage companies to complete more loan modifications.

Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year's end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting ...

The Obama Administration is tightening the screws on loan services in response to thousands of complaints about denials and "trial loan mods" that are never converted to permanent modifications.

As trial loan restructurings linger, administration wants more permanent solutions -- The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year's end to help keep struggling homeowners from falling into foreclosure.

The Treasury Department announced plans to beef up its foreclosure-prevention effort by pressuring mortgage companies to complete more loan modifications.