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Loan Modification
: Mortgage Lender Implode-o-MeterFed Study: Add Bankruptcy Reform to List of Foreclosure Triggers
By Implode-Explode Heavy Industries
"Was an increase in foreclosures an unintended consequence of the passage of bankruptcy reform?
Following the implementation of bankruptcy abuse reform (BAR) in October 2005, foreclosures on subprime mortgages surged nationwide. Three researchers have now published their findings from a study asking whether the surge was merely coincidental or whether reform played any role."
Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).
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