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For those of you who are having problems paying your mortgage payment, are your lenders helping you?
Now that the US government has doled out the first installment of $125 billion to banks, are your lenders making any effort to help you restructure your mortgage loans?
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- Anonymous1 decade agoFavorite Answer
The fact is that all restructuring "programs" in existence so far are voluntary (for lenders) and fragmented. The fact that so many loans were securitized and sold off makes modification very difficult.
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