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Loan Modification

: Loan Modification & Home Loan News

The role of mortgage servicers

By Moe Bedard

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Mortgage servicers earn fees by collecting monthly payments from home owners, writes Suzanne Kapner in New York . They also supervise the payment of real estate taxes and property insurance and provide workout services when a loan defaults. A borrower takes out a $100,000 subprime loan paying 7.2 per cent interest. The servicer buys the right [...]

Full post as published by Loan Modification & Home Loan News on June 16, 2010 (boomark / email).

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