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Real Estate & Property Law

: The Home Equity Theft Reporter

Fear Of Investor Lawsuits Impede Loan Modification Efforts

By r morris

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In Bradenton, Florida, a column in the Bradenton Herald offers a view on why mortgage lenders are so reluctant to offer loan workouts on delinquent home mortgages: [T]hat's because most lenders sold their mortgages, which were soon packaged with others and the packages sold in shares. Now, ownership and securitized stakes in the expected profits are in the hands of multiple institutions and

Full post as published by The Home Equity Theft Reporter on December 08, 2008 (boomark / email).

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