"The Obama administration's $75 billion mortgage-relief effort is projected to help as many as 9 million overextended borrowers, including thousands in Arizona.
If recent history is a guide, though, financial relief for some could be short-lived.
More than half of the past-due loans modified in the first half of 2008 were back in default six months later, according to a recent report by federal bank-oversight officials."
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Federal mortgage-relief aid too little, too late for homeowners
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