David Smith stands outside of his San Clemente, California, home, holding loan modification papers.
David Smith stands outside of his San Clemente, California, home, holding loan modification papers. Jamie Rector / MCT
David Smith stands outside of his San Clemente, California, home, holding loan modification papers. Jamie Rector / MCT

Homeowners often rejected under Obama's loan plan

December 17, 2009 06:24 PM

UPDATED September 18, 2013 06:47 PM

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