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Real Estate & Property Law

: The Home Equity Theft Reporter

Lending, Servicing Operations Cause Conflict Of Interest For Major Banks; Attributed As Reason For Ineffectiveness Of Government's Loan Mod Program

By r morris

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A recent The New York Times story decribes a significant conflict of interest facing the major banks like Bank of America, JPMorgan Chase, Wells Fargo, Citibank and others that also provide loan servicing operations for other institutions/securitized mortgage investors: So where does the conflict of interest lie? Often, the same bank that services a primary mortgage owned by another institution

Full post as published by The Home Equity Theft Reporter on August 17, 2010 (boomark / email).

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