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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie Will Hold Servicers Responsible for Robo-gate REO Losses

By Implode-Explode Heavy Industries

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"Fannie Mae, which has temporarily suspended certain REO sales because of the foreclosure-gate scandal, plans to hold its servicers responsible for increased carrying costs on these properties, industry sources told National Mortgage News."

Full post as published by Mortgage Lender Implode-o-Meter on October 29, 2010 (boomark / email).

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