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Loan Modification

: Mortgage Lender Implode-o-Meter

Large Correspondent Buyer Facing OTS 'MOU'

By Implode-Explode Heavy Industries

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"Hudson City Bancorp, an active correspondent buyer of residential loans in the mid-Atlantic area, revealed that it soon may become the subject of an "informal regulatory enforcement action" known as a 'memorandum of understanding.'"

Full post as published by Mortgage Lender Implode-o-Meter on March 03, 2011 (boomark / email).

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