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Loan Modifications | Obamas Loan Mod Plan | Loan Mod Secrets
Great information!
Originally posted in TimandJulieHarris.com
If there was any doubt that Mortgage Loan Mods are the people helping, money making opportunity in this market…..read this article for the Orange County Register:
JPMorgan Chase and Citigroup, two of the largest banks in the U.S., are stopping foreclosures for the next few weeks as the Obama administration forms a national loan modification plan. And the Office of Thrift Supervision on Wednesday urged more than 800 savings and loans to do the same.
Citi said in a release today it will not foreclosure on first mortgages on owner-occupied homes if it owns the loan or on similar loans in which investors are in agreement. The bank will continue until Obama announces a loan mod plan or March 12, whichever is sooner.
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And the Associated Press reports JPMorgan CEO Jamie Dimon said his company plans to halt new foreclosures for owner-occupied home loans through March 6. Here’s more from AP:
Dimon made the pledge in a letter to Rep. Barney ... more

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