In an effort to avoid foreclosures, more mortgage lenders are agreeing to modify home loan terms. The agreement is part of Project Lifeline, a program announced not too long ago in an effort to help homeowners facing foreclosure. Bank of America was among the first mortgage lenders to sign on, and now, Inman News reports, more are joining suit. IPS News reports that between Hope Now and Project Lifeline, most of the subprime mortgage market is covered:

"Now that all Hope Now members have signed on, more than 90 percent of
the subprime servicing market and nearly 70 percent of the entire mortgage
servicing market is committed to this coordinated method of reaching more
homeowners," Paulson added.