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Loan Modification

: The Truth About Mortgage.com

Homeowners Less Likely to Default on Mortgages from Local Lenders

By scot184

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New research from Ohio State University suggests that homeowners who obtain home loans from local mortgage lenders are less likely to default than those who borrow from more distant banks. The researchers noted that even if two similar homeowners received the same type of mortgage with the same interest rate, the borrower who went with [...]

Full post as published by The Truth About Mortgage.com on January 05, 2011 (boomark / email).

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