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Loan Modification

: Mortgage Lender Implode-o-Meter

Mortgage Buybacks May Cost Lenders $120 Billion, JPMorgan Says

By Implode-Explode Heavy Industries

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``Future losses from repurchases of home loans whose quality failed to meet sellers? promises will likely total $55 billion to $120 billion, or potentially $10 billion to $25 billion for the next five years, the New York-based mortgage-bond analysts led by John Sim and Ed Reardon wrote in a Oct. 15 report.''

Full post as published by Mortgage Lender Implode-o-Meter on October 20, 2010 (boomark / email).

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