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Loss Mitigation Options Abound, but Second Liens And Other Hurdles Still Obstruct HAMP, H4H
Major government efforts to ramp up loss mitigation efforts have created a myriad of new options for servicers, but industry experts say the impact has been dulled by the trickle of detailed program guidance and a lack of clarity. The Obama administration’s Home Affordable Modification Program is the most significant loss mitigation initiative so far, said Don Lampe, a partner...
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