Loan servicers must detail plans to assist borrowers long term. Laggards could face penalties and sanctions.
Help for Homeowners
By Tami Luhby, CNNMoney.com senior writer
November 30, 2009: 11:23 AM ET
NEW YORK (CNNMoney.com) — Struggling to stem the swelling foreclosure tide, the Obama administration announced new steps Monday to pressure banks to help homeowners long term.
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