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(Image from article: "Refinancing aid reaches few ailing homeowners")

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Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says.

 

Refinancing aid reaches few ailing homeowners

Refinancing aid reaches few ailing homeowners

Less than 3 percent of "underwater" borrowers decide that the benefits of a new loan through government program are worth the closing costs.

 

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