New Effort to Modify At-Risk Home Loans

New Effort to Modify At-Risk Home Loans

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hotline_number.gifA housing alliance, including some of the nation’s biggest lenders, is working with mortgage-service companies to modify loans rather than let them fall into foreclosure. For instance, in April, lenders were helping 50% more struggling mortgage holders than they were last July and some 4 in 10 received reductions in principle or interest. (Christian Science Monitor)

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