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Boxer urges help for homeowners

October 18, 2008|From Times Wire Services

Sen. Barbara Boxer (D-Calif.) pressed for action from 21 banks and lenders that an advocacy group has accused of insufficient support for at-risk homeowners in California.

Boxer sent letters to mortgage servicers urging them to participate in a federal program called Hope for Homeowners that provides financial backing to lenders who agree to renegotiate mortgages.

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