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Top Treasury Official Backs Off Promise To Stem Foreclosure Crisis, Signature Initiative May Fall Short By Shahien Nasiripour A top Treasury Department official indicated Thursday that the Obama administration’s signature foreclosure-prevention initiative may not deliver on its promise to help three to four million troubled homeowners permanently reduce their monthly payments.
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The slow progress in housing. John Griffith has written. This could help hundreds of thousands of underwater homeowners avoid foreclosure and would not require any new funding, thanks to unspent.
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