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Lenders in the NewsMortgage Mess Hurts Main Street, Beyond | 2007-08-26Attempts to rework troubled loans will become increasingly common as the crisis picks up speed, said James Gaines, a research economist with The Real Estate Center at Texas A&M University. After all, foreclosure benefits neither lender nor borrower. The problem, he said, is that the lender may not have any authority to redo them because of the way loans are now bundled and resold, with repayment risk changing hands several times. 2007-08-25 Source: Forbes Full Story
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Copyright ©2007 Offer Angel LLC All Rights Reserved. "Offer Angel" and "The Honest to Goodness Truth About Your Mortgage Offers" are service marks owned by Offer Angel LLC Other trademarks are the property of their respective owners. v55 |
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