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placemark


79 posted on 09/28/2008 4:31:23 AM PDT by PatriotGirl827
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To: PatriotGirl827
Draft now posted on FOX website. This little tidbit worries me if I'm reading it correctly. The government can lower the principle of your loan?

The government can use its power as the owner of mortgages and mortgage backed securities to facilitate loan modifications (such as, reduced principal or interest rate, lengthened time to pay back the mortgage) to help reduce the 2 million projected foreclosures in the next year

80 posted on 09/28/2008 4:34:24 AM PDT by MrPiper
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