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Representative Barney Frank threatened to tie up financial industry rescue money unless some is used to modify troubled mortgages. |
Reworked mortgages not working
Even after help, homeowners end up back in default
More than half of delinquent borrowers who had their mortgages reworked earlier this year to avoid foreclosure were behind on their new loan payments after just six months, a federal regulator said yesterday. (Full article: 911 words)
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