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Loan Modification

: Mortgage Lender Implode-o-Meter

More mortgage principal cuts worry bank analysts

By Implode-Explode Heavy Industries

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"Banks have been reluctant to cut principal, because this would leave them having to take immediate losses on loans. There's also concern that more homeowners would try to get their principal reduced if they see others getting such treatment, leading to a costly free-for-all."

Full post as published by Mortgage Lender Implode-o-Meter on March 26, 2010 (boomark / email).

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