Sources: Treasury considers more mortgage-modification incentives

04/22/2009 | Reuters

Providing cash payments to holders of second-mortgage liens is among the options being considered by the U.S. Treasury to encourage lenders to modify mortgages as an alternative to foreclosure, sources said. Incentives for "short sales," in which the lender gets some money but less than the full amount due under the loan, are also being discussed, the sources said.

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