Lenders balk at Patrick foreclosure program

Governor Deval Patrick's foreclosure-prevention program, which he unveiled yesterday, has so far failed to win broad support from mortgage lenders.
The plan would help homeowners who cannot afford their mortgage payments to keep their houses or, failing that, prevent foreclosure by letting them sell their properties before a lender seizes them. Under the plan, the state would provide counseling or financial assistance to homeowners and recruit neighborhood organizations to work with homeowners and lenders to resolve delinquent mortgages in danger of foreclosure.