http://www.chicagotribune.com/business/chi-wed_fed0905sep05,0,6896157.story
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The Fed and other regulators joined in announcing a voluntary program that calls on loan-service companies that collect and otherwise service mortgages to consider offering better terms, such as lowering the size of the loan, deferring payments or extending the lives of loans.
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I'm kinda hoping the lending industry does NOT get the hint. That might bring about more stern federal action, like a much needed federal usury law.