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Real Estate & Property Law

: Housing Wire

Bernanke: Fed to Modify Mortgages

By DIANA GOLOBAY

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The Federal Reserve may soon begin modifying mortgages it owns within the mortgage-backed assets it has purchased from government-sponsored entities, according to a letter written Tuesday by Fed chairman Ben Bernanke and addressed to Committee on Financial Services chairman Barney Frank, D-Mass. “The goal of the policy is to avoid preventable foreclosures on residential mortgage [...]

Full post as published by Housing Wire on January 28, 2009 (boomark / email).

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