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Loan Modification

: Loan Modification & Home Loan News

Tax payer help for underwater mortgages essential

By Moe Bedard

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The Obama administration has announced a major new effort to stem the foreclosure crisis by focusing on two groups: the unemployed and the rapidly growing share of homeowners who owe more on their mortgages than their houses are worth. Getting banks to temporarily reduce payments for the unemployed fits in with many previous efforts to [...]

Full post as published by Loan Modification & Home Loan News on March 29, 2010 (boomark / email).

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