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WASHINGTON — The Obama administration is revising the latest report on its troubled mortgage-relief program, and the changes are likely to show a greater number of borrowers facing foreclosure after having their loans modified.
The Treasury Department said Wednesday that the mortgage company Fannie Mae, which helps run the program, provided inaccurate information about borrowers who restructured their loans under the program and then missed mortgage payments.
A spokesman said Treasury has hired an outside consultant to review the data.
Analysts at Barclays Capital said last week that the government excluded from the July 20 report around 8,600 borrowers who had already dropped out of the program because they failed to make at least three monthly payments.
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