We should be pulling every lever we can.” Mediation, for instance, could help some homeowners avoid foreclosure, he said. Some 23 states and the District of Columbia currently have programs that require mortgage servicers to sit down with borrowers and discuss the homeowners’ options, though many began only in the last year. More than 70% of mediations end in a settlement, often restructuring the mortgage to a sustainable level, according to the center. Helping those still current with their payments can also give the housing market — front page and the economy — a lift, albeit a somewhat marginal one, experts said.
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