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August 16, 2009 | Joe Gross | Comments 0 | Filed Under: DailyForeclosureGovernmentNewsWall StreetWorld

Homeowners tell how banks failed to modify mortgages

Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are restraining the economy’s recovery.

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