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GSE Refi, Loan Mod Efforts Gaining Momentum
Fannie Mae and Freddie Mac continue to ratchet up their efforts to refinance existing homeowners while modifying the mortgages of thousands of others. The two GSEs initiated more than 485,000 mortgage loan modifications under the Obama administration’s Home Affordable Modification Program, even as total refinance volume increased as the pair refinanced more than 4 million loans last year...
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