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Investors Grapple with Potentially ‘Tremendous’ Impact of Federal Loan Modification Programs
MBS investors are stuck in the middle of a difficult balancing act, aware of the need to stop the waves of foreclosures and defaults but struggling to navigate the changing landscape brought by massive mortgage modification efforts. The Obama administration’s Home Affordable Modification Program, under which more than 650,000 trial modifications had been launched through the end of October...
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