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Loan Modification

: Mortgage Lender Implode-o-Meter

Vulture investors buy up distressed mortgages

By Implode-Explode Heavy Industries

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``"Banks are profitable again, so they can afford to take the losses to get these scratch-and-dent losses off their books," he said. "Banks now are being truthful about the value of these loans because they can afford to take the hits."''

Full post as published by Mortgage Lender Implode-o-Meter on June 08, 2010 (boomark / email).

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