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December 11, 2007


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Tim O'Keefe

An addendum on the above post.

"So why did the government need to get involved? One reason is that so many loans are going bad that the companies servicing them don’t have the people or the skills to evaluate them on a case-by-case basis. (A recent study found, for instance, that mortgage servicers renegotiated only 1 percent of loans that reset in the first part of this year.)"


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