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Loan Modification

: Mortgage Lender Implode-o-Meter

Bank Launches Big Plan to Cut Mortgage Debt

By Implode-Explode Heavy Industries

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"Under pressure by Massachusetts prosecutors, Bank of America Corp. said Wednesday it would reduce mortgage-loan balances as much as 30% for thousands of troubled borrowers, in what could presage a wider government effort to encourage banks to offer debt reduction to ease the mortgage crisis."

Full post as published by Mortgage Lender Implode-o-Meter on March 25, 2010 (boomark / email).

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