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FICO launches mortgage relief site

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A new Web site that's a partnership between FICO and two nonprofits promises to help distressed homeowners determine if they're eligible for loan modifications or loan refinancings under the Obama administration's Making Home Affordable program. The site, Mortgage Relief Online, also promises to help borrowers who aren't eligible for the Making Home Affordable program by referring them to a consumer credit counseling agency employing HUD-certified counselors. Mortgage Relief Online is a partnership between myFICO, the Homeownership Preservation Foundation, and Money Management International. In a press release, FICO -- formerly known as Fair Isaac Corp. -- said the Web site will leverage consumer traffic to, the Web site of FICO's consumer division, myFICO. The Web site is part of FICO's larger "Mortgage Recovery Initiative," which also includes tools for lenders and loan servicers. FICO's Mortgage Risk Analyzer, for example, identifies mortgage loan ...