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banks

Big Mortgage Lenders To Pause Foreclosures

February 12, 2008

Six of the largest US mortgage companies – representing about 50% of the current mortgae market – announced a plan today to suspend foreclosure proceedings on mortgages that are greater than 90 days past due. 
This pause would allow time to attempt renegotiation of mortgage terms.  The plan would include home equity loans and secondary [...]

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