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Loan modification rise; homeowners see little relief

Lenders are boosting their attempts to avoid home foreclosures, but fewer than half of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent, data released Friday show.The report, based on an analysis of nearly 35 million loans worth more than $6 trillion, was published by the… Continue Reading Loan modification rise; homeowners see little relief