WASHINGTON — The financial services industry is pushing regulators to clarify appraisal requirements for loan modifications in response to the Obama administration's new plan to prevent foreclosures.

Some lenders are concerned that current regulations mandate that they get new appraisals for all real estate-related transactions, including refinancings and loan modifications. Banking industry representatives argue that doing so is increasingly difficult in hard-hit markets, and that the Obama plan, which is designed to encourage modifications, does not tackle the issue.

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