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Volume 2010 - Number 5

March 5, 2010

Federal Government Targets Negative Equity

The Treasury Department is looking beyond the Home Affordable Modification Program to help borrowers with negative equity. Meanwhile, the Federal Deposit Insurance Corp. is considering testing a negative equity modification program of its own. At the end of 2009, negative equity was concentrated in five states, according to a report released last week by First American...

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