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Obama’s loan modification program reports success (access required)

By: Reni Gertner
Published: October 8, 2009

Tags: , ,

The Obama administration's mortgage relief effort has helped 500,000 homeowners and officials maintain that the program is on track despite its disappointing launch, the administration said Thursday. The $50 billion program, started in March, is designed to reduce foreclosures by lowering borrowers' monthly payments to more affordable levels. The government still forecasts the program will help ...
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