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Entries by Ray Brescia from 01/2010

Meaningful Mortgage Relief: Principal Reduction Through Foreclosure Prevention

| Posted 01.05.2010 | Business

Lenders and servicers, even those willing to modify mortgages, are often unwilling to reduce the outstanding principal on the loans in their portfolios, placing meaningful and sustainable modifications out of reach.

Walking Away: Questions for the Financial Crisis Inquiry Commission on Strategic Defaults, Underwater Mortgages and Risky Lending

| Posted 01.13.2010 | Business

Here are some questions the financial crisis commission could ask of failed lenders that generated many of the subprime loans that have performed so poorly.