As far back as February 2008 The Los Angeles Times ran a story about how lenders are teaming up to help homeowners in trouble avoid foreclosure. Basically it is a program that encourages home owners to contact the lenders through an intermediary to assist those that are able and eligible to refinance their loans before they go bust. This is great for those who have the wherewithal to do it, but most borrowers don't have the horsepower to do it, alas!
More recently Freddie Mac came up with a plan to encourage mortgage servicers to keep owners in their homes and help them overcome whatever financial difficulties have beset them.
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