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May 13, 2009
US Govt Unveils New Mortgage Modification Incentives
Wall Street Journal
April 28, 2009
Excerpt:
The Obama administration unveiled a fresh set of incentives Tuesday for mortgage servicers to help strapped U.S. homeowners.
Under a new program, the government will pay mortgage servicers $500 up front and $250 a year for three years for successfully modifying a second mortgage, such as a home equity loan.
