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Most loan modifications leave homeowners without equity and paying excessive housing costs

01/05/2010
By Carol Hines
Most loan modifications leave homeowners without equity and paying excessive housing costs

Most home loan modifications leave homeowners without equity and paying excessive housing costs The continuing decline in nominal rents is making it ever more apparent that the main beneficiaries of mortgage modification programs are likely to be banks. Under some of the proposals being discussed, the government would pay up to $50,000 to keep...
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