Re: NYtimes.com: Mortgage Re- Defaults Rising, No Sign of Slowing

[Skip to the end] >    >   On Mon, Dec 22, 2008 at 12:29 PM, Bill wrote: >    >   The dominant reason loan modifications fail IMMEDIATELY is >   because the borrower’s financial condition is far worse than >   your records indicate. The most likely reason that’s true is >   that your loan officers instructed the borrower to lie on the >   original loan application so that the loan would be [...]
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