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Loan Modification
: Mortgage Lender Implode-o-MeterFuror over BofA's $2.8B mortgage settlement
By Implode-Explode Heavy Industries
Bank of America breathed a sigh of relief on Monday after the cost was far less than investors feared, sending its shares up as much as 6.4 percent.
But detractors on Wall Street and in Washington denounced the deal as another taxpayer buyout for a bank that weathered the financial crisis only with the help of a $45 billion government lifeline.
Full post as published by Mortgage Lender Implode-o-Meter on January 05, 2011 (boomark / email).
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