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'Lenders act to limit US foreclosures'

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Lenders act to limit US foreclosures

By Art C Ryter at 04/30/07 23:37

Details how lenders are acting to limit the number of subprime and other mortgage loan delinquencies from becoming foreclosures. The mortgage bankers association in conjunction with non-profit groups is trying to create programs that will help people avoid foreclosure. Non-traditional, but valid ways of avoiding foreclosure could be to ask your lender about giving you a forebearance or a loan modification if you can’t refinance it at the present.

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