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1 year 5 weeks ago – Made popular 1 year 5 weeks ago
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The Failure Of The Mortgage Modification System Threatens Housing
The theory was simple and elegant. By offering homeowners who could not afford their monthly mortgage costs lower monthly payments, people could be able to stay in their homes. That would lower the US default and foreclosure rate, in turn building a foundation under the housing market.
The programs are simple, but they appear to be a failure.


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