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I am trying to find which loan servicers are taking the reduced payoff.
There was a story on NBC couple of weeks ago that not a single loan has closed under the Hope For Homeowners program.
I keep running into lenders not doing the principal reduction.
NBC was misinformed, but not by much.
http://tinyurl.com/48c9ak
None of the lenders are participating in the program. At least none that we have found.
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