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Paper Avalanche Buries Plan to Stem Foreclosures (Peter S. Goodman/New York Times)

Peter S. Goodman / New York Times:
Paper Avalanche Buries Plan to Stem Foreclosures — LOS ANGELES — Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina Montenegro struggles to accomplish …
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