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Loan Modification

: Mortgage Lender Implode-o-Meter

Blame the Victims and Enrich the Perpetrators

By Implode-Explode Heavy Industries

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"While there were instances of fraud by borrowers, the key drivers of our housing crisis were fraud perpetrated by mortgage lenders and securities fraud -- by some of our most revered financial institutions -- that provided money to fuel fraudulent mortgage lending."

Full post as published by Mortgage Lender Implode-o-Meter on January 14, 2011 (boomark / email).

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