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Loan Modification

: Loan Modification & Home Loan News

Lenders look for ways to predict, combat strategic defaults

By Moe Bedard

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WASHINGTON – With tougher mortgage underwriting rules a virtual certainty under Congress’ new financial reform legislation, lenders have begun confronting still another vexing issue: Can homebuyers who have high credit scores really be trusted not to pull the plug – strategically default – when the economy hits a rough patch and home values tank? New [...]

Full post as published by Loan Modification & Home Loan News on July 02, 2010 (boomark / email).

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