WASHINGTON — The Obama Administration is pushing back against a recent news report that concluded U.S. taxpayers will subsidize the roughly $25 billion mortgage settlement.

According to the story, which appeared in the Financial Times, the five large mortgage servicers that are parties to the settlement will be able to count actions they take under the administration's three-year-old loan modification program toward their settlement obligations. The FT reported that state officials opposed this aspect of the plan, but federal officials pushed for it.

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