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Home » Servicer Advances Prove to be Costly Burdens
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Servicer Advances Prove to be Costly Burdens

November 21, 2008
Mortgage servicers that don’t enjoy an affiliation with a bank or thrift are increasingly having problems finding funding to cover their servicer advances, which several sources said could become a “big, big problem.” Tom Deutsch, executive director of the American Securitization Forum, says the Treasury Department’s Troubled Asset Relief Program could be tapped to provide such...
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