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Loan Modification

: Mortgage Lender Implode-o-Meter

FHFA probes subprime, Alt-A lending

By Implode-Explode Heavy Industries

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"Federal regulators overseeing Fannie Mae and Freddie Mac said today they will seek to recoup losses from companies that securitized "private-label" subprime and Alt-A mortgage-backed securities in cases where they discover misrepresentations and breaches of warranty."

Full post as published by Mortgage Lender Implode-o-Meter on July 12, 2010 (boomark / email).

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Lawsuits and Settlements

Goldman Sachs
Agrees $60 Million Subprime Settlement in Massachusetts

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Ryland Group Inc. settles $370,000 questionable lending suit.

Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

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