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Administration officials have been encouraging banks to go beyond what they've done so far and reduce the principal on home loans that are "underwater." Bank of America has embraced the idea. But other banks have a different message. David Lowman of JPMorgan Chase told lawmakers Tuesday that principal reductions could cost the industry up to $900 billion.
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Full story at http://www.npr.org/templates/story/story.php?storyId=125931542&ft=1&f=1006
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