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Continued: Watchdog: Taxpayers must get $95.51 per share to break even on bailing out General Motors

  • Article by: TOM KRISHER , AP Auto Writer
  • Last update: July 24, 2013 - 10:15 AM

Treasury has taken steps to improve its ability to give "as many struggling homeowners as possible the chance to keep their home while recognizing that not all will succeed," said Mark McArdle, the acting chief of homeownership preservation, in a post on the department's website. For example, he said, the program established eligibility rules so that mortgage aid would go to those homeowners most in need, and standards to make the modifications provided sustainable for homeowners.

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AP Business Writer Marcy Gordon in Washington contributed to this report.

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