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Some lenders resist foreclosure-prevention buybacks

Worry a program to prevent foreclosures will prompt other homeowners to stop paying mortgages

By Jenifer B. McKim

 |  Globe Staff  

  November 29, 2011

Lenders worry that providing a way for homeowners to cut their debt will motivate others who owe more than their properties are worth to stop paying mortgages.

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NER-MCFC

So, finding creative ways to CONTINUE PAYING underwater mortgages means that more mortgages will go into default? Yep, that sounds like the kind of bankster thinking that got us into this mess in the first place.

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