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Loan Modification

: Loan Modification & Home Loan News

White House pushing banks to modify more mortgages

By Moe Bedard

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The Obama administration is discussing with banks a change in its foreclosure-prevention program that would encourage lenders to reduce the loan balance due in some cases, people familiar with the situation said Monday. The move would be an attempt to address the plight of millions of households whose home values have fallen far below their mortgage [...]

Full post as published by Loan Modification & Home Loan News on March 23, 2010 (boomark / email).

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