As originally designed, the Home Affordable Refinance Program offered mortgage servicers — the companies administering mortgages, some of which are owned by a bewildering variety of investors in mortgage-backed securities — incentive payments if they completed mortgage modifications, which typically involved reductions in the interest rate. After all, every lender does it differently, but there are easy ways to improve the odds. These are rather standard standards so there ought to be little complication in meeting them.



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