Wednesday, February 13, 2008

Banks to pause delinquent mortgage foreclosures (Reuters)



An auction sign is displayed in front of a home in Stockton, California February 2, 2008. Six top mortgage lenders and servicers on Tuesday launched a new program aimed at staving off foreclosure for seriously delinquent borrowers in the hopes that new, more affordable loan terms can be worked out. (Kimberly White/Reuters)Reuters - Six top mortgage companies on
Tuesday launched a program aimed at staving off foreclosure for
seriously delinquent borrowers in the hopes that new, more
affordable loan terms can be worked out.




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