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Loan Modification

: Mortgage Lender Implode-o-Meter

Fixing loans may not help

By Implode-Explode Heavy Industries

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"Seeing hundreds of thousands of frustrated homeowners who still can't get a principal modification to their over-leveraged mortage loan, the Obama administration appears to be turning to a cash incentive to pay mortgage servicers on the non-performing loans they can turn into performing."

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2010 (boomark / email).

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