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Loan Modification

: Loan Modification & Home Loan News

Banks Pressed on Sour Home Loans

By Moe Bedard

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Big U.S. banks are facing legal pressure to make up for losses tied to pools of soured low-end mortgage loans. In the latest effort, a group of investors in 2,300 mortgage securities worth roughly $500 billion is seeking to force several banks that originated or are now servicing faulty subprime-mortgage loans to repurchase or modify [...]

Full post as published by Loan Modification & Home Loan News on September 23, 2010 (boomark / email).

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