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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie and Freddie's biggest deadbeats

By Implode-Explode Heavy Industries

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"Banks had paid $21 billion through this past summer to repurchase souring home loans from Fannie Mae and Freddie Mac, the taxpayer-backed mortgage companies, under contracts that oblige lenders or loan servicers to buy back loans that aren't up to snuff."

Full post as published by Mortgage Lender Implode-o-Meter on January 31, 2011 (boomark / email).

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