subject: Obama's Home Affordable Loan Modification Program Can Help Millions, If the Lenders Allow It [print this page] Lenders are slowly opening up to accepting loan modification applications under the new loan modification plan, but it is not instant, as entirely expected. Under the new plan for loan modification, lenders must take a financial hit since the interest rates are lowered, and there is no guarantee that every homeowner will pay on time every month, so the $1,000 bonus is not a sure thing. The system will work itself out in t
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