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Home » Store » News » Dodd, Frank Ask Regulators to Look into Second Lien Valuations that Might Discourage Use of H4H Program

Dodd, Frank Ask Regulators to Look into Second Lien Valuations that Might Discourage Use of H4H Program

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The chairmen of the Senate and House banking committees have asked federal banking regulators to investigate whether banks’ valuation of second-lien mortgage loans on their balance sheet is inhibiting mortgage servicers from using the FHA’s HOPE for Homeowners program.Senate Banking Committee Chairman Chris Dodd, D-CT, and House Financial Services Committee... [Includes one chart]
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