Toll Brothers mortgage protection plan ended.
Toll Brothers, developer of Williamsburg's Northside Piers
project, has ended its mortgage protection plan, which promised to pay
the mortgages of homeowners who lost their jobs for up to six months.
"It just wasn't a dial mover," a Toll Brothers
spokesperson told CNBC. Home builder Lennar, which offered a similar
plan, said its plan is still in place in a few markets, but that it has
been more effective in some markets than others. A Lennar spokesperson
said programs that buy down the mortgage rate have been more of an
incentive to buyers.