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Loan Modification

: Mortgage Lender Implode-o-Meter

Lenihan rules out bailout for homeowners

By Implode-Explode Heavy Industries

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"Under the plans, lenders will be asked to allow hard-pressed homeowners repay two thirds, or 66 per cent, of their mortgage interest and defer the rest for up to five years."

Full post as published by Mortgage Lender Implode-o-Meter on November 17, 2010 (boomark / email).

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