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Subprime Portfolios Shrink in 2Q As Loss Mit Struggles Continue
With subprime originations few and far between since the second half of 2007, servicers have had plenty of opportunities to focus on loss mitigation. And the mortgage industry, led by the Hope Now Alliance, has touted its efforts to help troubled borrowers. Subprime loan modifications continue to increase, but subprime foreclosures are also on... [Includes one chart]
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