"Obama foreclosures plan includes federal subsidies" by Edmund L. Andrews, New York Times | February 17, 2009
WASHINGTON - .... Officials cautioned that subsidies for lower interest rates would not in themselves help many of the most troubled homeowners, because lenders were still likely to view many of those borrowers as bad risks and refuse to restructure their loans....
And even if they did: "lenders were more likely to offer a modified loan that resulted in a higher, not lower, monthly payment"
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