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The SEC – Servicers allowed to modify mortgages where defaults are “reasonably foreseeable,” without jeopardizing the trusts’ off-balance-sheet treatment

by Moe Bedard

There has been a recent change in the air and it looks like the tides are starting to change for the better for those homeowners who are wishing and a hoping to modify their exploding, adjustable rate mortgage.

There has been strong resistance in the recent past with lenders and servicers willingness to work with borrowers in fixing their toxic [...]

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