Industry NewsMortgage

New plan seeks to streamline loan mods

Fannie, Freddie to lead the way
Published on Nov 11, 2008

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by CareyBot

A new plan to streamline loan modifications for homeowners who have fallen behind on their mortgage payments could help "hundreds of thousands" of borrowers avoid foreclosure, but is far less ambitious than a competing proposal for the government to guarantee payments on as many 3 million loan modifications.

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