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Servicing scavengers buy mortgage loans in default

by K.K. MacKinstry The media claims the number of home foreclosures is down sharply from the depths of the financial crisis, even as many of the mortgage firms involved remain the same, including Fannie Mae, Wells Fargo, Bank of America and JPMorgan Chase. However, some companies like CitiMortgage are exiting the servicing industry altogether. As […]

via Servicing Scavengers buy Defective Loans in Default — Livinglies’s Weblog

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