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Home » Store » News » Loan Mod Decisions Should Be Based on Investors’ Best Interest, Regardless of Lien Position, Says FFIEC

Loan Mod Decisions Should Be Based on Investors’ Best Interest, Regardless of Lien Position, Says FFIEC

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Mortgage servicers should not feel conflicted about a decision to modify a first-lien mortgage and the potential impact of that action on the subordinate lien loan, and vice versa, said federal banking regulators last week as they pledged continued support for responsible loss mitigation activities. The regulators on the Federal Financial Institutions Examination Council made clear...
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