I read this article
Obama unveils plan to tackle housing crisis
which contained this paragraph.
 Quote:
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The plan would provide a $1,000 fee to mortgage servicers for each successful loan modification, while borrowers would receive up to $1,000 to reduce their loan principal each year if they stay current on their payments.
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I do not understand the details of those 2 sentences- how does someone get the $1000 principal reduction per year?
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Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.
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