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Loan Modification

: The Truth About Mortgage.com

More Principal Reducing Loan Modifications Urged

By scot184

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Former FHFA boss James Lockhart told CNBC today more aggressive loan modifications were necessary to stem the rising foreclosure numbers and put an end to the housing mess. He noted that a quarter of all homeowners with mortgages are underwater, meaning they owe more than the properties are currently worth. As a result, even those able to [...]

Full post as published by The Truth About Mortgage.com on January 05, 2010 (boomark / email).

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