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IPFS News Link • Housing

Lenders would rather foreclose than offer loan mod

07-09-2009 • thetruthaboutmortgage.com/

Less than three percent of seriously delinquent mortgages (60+ days overdue) received a payment-reducing loan modification since the mortgage crisis got underway in 2007, according to a new study by the Boston Fed.

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Reported By Jack Gregson

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Lenders would rather foreclose than offer loan mod

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