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Loan Modification

: Mortgage Lender Implode-o-Meter

Blackrock, Pimco, Fannie Target Banks Using Texas Lawyer's Clearing House

By Implode-Explode Heavy Industries

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"This year, the former partner at lobbying firm Patton Boggs LLP also found a unique solution to an even bigger housing problem: getting money back for investors in residential mortgage-backed securities that went bad. Franklin created a clearing house where investors can pool claims and potentially create the necessary legal clout to force mortgage lenders to buy back improperly made loans at the heart of the securities."

Full post as published by Mortgage Lender Implode-o-Meter on September 23, 2010 (boomark / email).

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