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Government Considers Foreclosure Freeze

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Posted on February 20 2010 1:00 pm
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by Ken Sweet and Peter Barnes

The White House is considering changes to its mortgage modification plan that could include a freeze on home foreclosures, sources tell FOX Business.

According to industry officials who have been briefed on the plan, the administration is considering changes that would require home-loan servicing companies to push delinquent borrowers into the Home Affordable Modification Program before they consider foreclosure.

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