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Loan Modification

: Mortgage Lender Implode-o-Meter

Fannie, Freddie Regulator Blames Mortgage-Loan Pools for Poor Performance

By Implode-Explode Heavy Industries

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"Mortgages in the pools also were more likely to exceed 80 percent a property?s value, which ?contributed to the unusually poor performance of loans,? the FHFA said. About 10 percent of the loans were more than 90 days delinquent by the end of 2009 compared with 5 percent of guaranteed mortgages, it said."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).

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