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Tim Pearson
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Old 09-01-2010, 10:04 PM
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Default Mortgage modifications miss the mark

When President Barack Obama launched the $75 billion Home Affordable Mortgage Program a month after taking office, he touted it as a way of helping the economy by keeping as many as 3 or 4 million people out of foreclosure. A year and a half later, the program has provided permanent loan modifications to 422,000 homeowners, including 6,500 in San Diego County — slightly more than one-tenth of ...
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