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Archive for "Jun 21 2010"

Capt. Obvious Reports: O’s Re-Fi Program’s a Bust

The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat.

More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number of people who have managed to have their loan payments reduced to help them keep their homes.

via Borrowers exit troubled Obama mortgage program – Forbes.com.

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