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Home » Store » News » DC Freezes Foreclosure Law, Major Lenders Seek Repeal

DC Freezes Foreclosure Law, Major Lenders Seek Repeal

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Lenders in Washington, DC, are expected to push for repeal of an ordinance that makes it tougher for them to collect on bad loans through foreclosure. The Consumer Mortgage Coalition, a trade group of major financial institutions, said the costs of complying with the ordinance have forced lenders to consider taking their business elsewhere.
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