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Loan Modification

: Mortgage Lender Implode-o-Meter

Gov't say banks should share Fannie, Freddie costs

By Implode-Explode Heavy Industries

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"Edward DeMarco, the acting director for the Federal Housing Finance Agency, said the banks this summer have refused to take back $11 billion in bad loans sold to the two government-controlled companies, in written testimony submitted for a House subcommittee hearing Wednesday. A third of those requests have been outstanding for at least three months."

Full post as published by Mortgage Lender Implode-o-Meter on September 16, 2010 (boomark / email).

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