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Obama administration steps up pressure on mortgage lenders (Los Angeles Times)
November 30, 2009 by admin · Leave a Comment
Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting …
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Obama administration steps up pressure on mortgage lenders (Los Angeles Times)