Tagged "Fdic"

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FDIC Loan Modification Loss Sharing Proposal

Posted at The Loan Modification Expert by Peter Collins

March 7th, 2009 10:36 am

Categorized in: Loss Mitigation

Tagged with: fdic, loan modification, mortgage modification, obama

This proposal is designed to promote wider adoption of such a systematic loan modification program: by paying servicers $1,000 to cover expenses for each loan modified according to the required standards; and sharing up to 50% of losses incurred if a modi

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