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Loan Modification

: Mortgage Lender Implode-o-Meter

Study: Subprime Lending Fueled by Campaign Cash

By Implode-Explode Heavy Industries

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"Make sure you?re sitting down for this one: A new study finds that the mortgage industry boosted its campaign contributions to congressional districts that had a large share of subprime borrowers during the housing boom in order to influence government housing policy."

Full post as published by Mortgage Lender Implode-o-Meter on June 22, 2010 (boomark / email).

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