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States urge action on foreclosures, CNNMoney, 1/20/10

By: Tami Luhby, CNNMoney, January 20, 2010

Cut loan principal for borrowers whose homes are worth much less than their mortgages. Attack the problem of option adjustable rate mortgages. Cut down on red tape.

Those are some of the ideas in a plan issued Wednesday by a group of state officials who have been working for more than two years to stem the foreclosure tide.

Read more here: http://money.cnn.com/2010/01/20/news/economy/state_foreclosure_prevention/index.htm

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