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Loan Modification

: Loan Modification & Home Loan News

The Long Road of Loan Modifications

By Moe Bedard

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For the record, mortgage lenders aren?t required by law to cut mortgage principals as part of loan modification deals. Principal reductions are only one item on the government loan modification menu, along with extending the term of the loan and lowering the loan interest rate. But data is beginning to emerge that suggests banks make out [...]

Full post as published by Loan Modification & Home Loan News on January 08, 2010 (boomark / email).

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