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Loan Modification

: Mortgage Lender Implode-o-Meter

Procrastination on Foreclosures, Now 'Blatant,' May Backfire

By Implode-Explode Heavy Industries

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"By postponing the date at which they lock in losses, banks and other investors positioned themselves to benefit from the slow mending of the real estate market. But now industry executives are questioning whether delaying foreclosures ? a strategy contrary to the industry adage that "the first loss is the best loss" ? is about to backfire."

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

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