"In January, loan analyst Moe Bedard noticed a promising development in the mortgage-servicing industry: More lenders started restructuring distressed borrowers' loans to avert foreclosure.
But in the months that followed, the trend reversed itself.
'Now, it's even harder to get a modification than it was five months ago,' said Bedard, president of Loan Safe Solutions, based in Coronado, Calif. 'They're just stalling now.'"
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Restructuring of mortgage loans gets tougher
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