The Dodd-Frank Act includes provisions that are intended to help struggling homeowners to obtain loan modifications by:
a. Requiring lenders to provide borrowers with data used in performing a Net Present Value (NPV) analysis
b. Creating the Home Affordable Modification Program
c. Requiring all lenders to offer loan modifications to homeowners who have been in their homes for at least ten years
d. Requiring all lenders to offer loan modifications to homeowners who have suffered job loss or salary reduction
Ans: a. Requiring lenders to provide borrowers with data used in performing a Net Present Value (NPV) analysis
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