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Mass Loan Modification

Mass modification event saves U.S. homes, marriages

By Lisa Baertlein and Al Yoon

LOS ANGELES (Reuters) – Want a snapshot of the U.S. housing market? Check out a mortgage modification event — the lending equivalent of speed dating.

A recent gathering at the sprawling Los Angeles Convention Center showed the ups and downs of mortgage relief efforts with joyful tears and talk of marriages saved, but also with dashed hopes and fears of homelessness.

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