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loan modification, foreclosure
(Image from article: "US home foreclosures reach record high in second quarter")

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Chasing Fees, Lenders Are Slow to Alter Troubled Loans

Chasing Fees, Lenders Are Slow to Alter Troubled Loans

Many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans.

 

Penetrating the Maze of Mortgage Relief

Housing advocates who work with homeowners say that while President Obama’s loan modification program could help thousands of New Yorkers, it has been slow to get off the ground.

 

Obama foreclosure fix is open for business

Obama foreclosure fix is open for business

The Obama administration today released details of $75 billion home loan modification and refinancing programs. Borrowers can start contacting loan servicers.

 

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