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(Image from article: "Average Homeowner In Obama Foreclosure Program Underwater, Yet Principal Cuts Rare")

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Average Homeowner In Obama Foreclosure Program Underwater, Yet Principal Cuts Rare

The average homeowner in the Obama administration's signature foreclosure-prevention program owes more on their mortgage than the home is worth, yet the program does virtually nothing to address this problem, according to a scathing new report by a government watchdog.

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