Hefty Cleaning Bill

Berry, Kate
December 2009
American Banker;12/31/2009, Vol. 174 Issue 231, p8
Trade Publication
The author reports that the administration of U.S. President Barack Obama is planning to expand the Home Affordable Modification Program to allow loan servicers to reduce the principal balance owed by borrowers. The author mentions that almost 10.7 million borrowers owed more than their homes were worth as of September 30, 2009.


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