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Lack of Originations Harming Subprime Servicers’ Loss Mitigation Efforts
The amount of subprime mortgages outstanding declined again in the first quarter of 2009, according to a new ranking and analysis by Inside B&C Lending, as subprime originations are nearly non-existent. The lack of liquidity has diminished servicers’ loss mitigation efforts, with new incentives from the federal government not expected to help much... [Includes one chart]
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