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More trial loan modifications

November 11, 2009|Times Wire Reports

More than 650,000 homeowners have entered into trial loan modifications under President Obama's plan to help the housing market, about one-fifth of those eligible, the Treasury Department said.

The Treasury said there were 650,994 active trial modifications through October, or 20% of eligible borrowers, up from 487,081 through September. About 16% were participating through September.

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