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Loan Modification

: Loan Modification & Home Loan News

Is this the last chance to save housing?

By Moe Bedard

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The biggest hurdle to this new plan is that banks have no efficient way to account for a mortgage when its balance is reduced. The result would normally be a write-off, which few banks can afford even if they were inclined to.  The program cannot succeed as long as the government has no way to [...]

Full post as published by Loan Modification & Home Loan News on March 01, 2010 (boomark / email).

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