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June 21, 2009 | | Comments 0 | Filed Under: DailyForeclosureGovernmentNewsWall StreetWorld

Loan modification applicants face a huge logjam

Borrowers say they’re waiting months and not getting any results

If you want to change the terms of your mortgage — officially called a loan modification — you’re facing a huge logjam.

Borrowers say they’re waiting months and not getting any results. Frustration is flowing from consumers to bank.

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