The Obama administration is going to ramp up the pressure on mortgage lenders to accelerate the loan modifications by highlighting firms that are slow in this area. The $75 billion Treasury Program would pay the mortgage lender $1000 that agree to lower troubled borrowers initially and then $1000 for the next 3 years. This program has received a lot of criticism for failing to stem the tide of foreclosures. To read the full story as reported by CNBC click here.






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