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Loan Modification

: Mortgage Lender Implode-o-Meter

Lenders avoid redoing loans, Fed concludes

By Implode-Explode Heavy Industries

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"Mortgage lenders don?t try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes."

Full post as published by Mortgage Lender Implode-o-Meter on July 07, 2009 (boomark / email).

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