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write down loans

Banks Must Write Down Loans to Prevent a Mass Homeowner Exodus

by Moe Bedard

The word is out and the banks and servicers need to get a clue. People are walking from their underwater homes in droves. What was once taboo has become the “smart” thing to do for many Americans.
This rhetoric that 50% of homeowners do not speak with their lenders or servicers is actually true.
But it isn’t because they [...]

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