Loss Mitigation

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Massachusetts Looks to Evaluate Lenders on Loan Modifications 

Jun 03, 2008By

Massachusetts is getting tough on the lenders in its state. At least, that’s the message put out last week by Governor Deval Patrick, who said he had asked the Massachusetts Division of Banks to begin evaluating all state licensed mortgage lenders on the basis of the speed and number of loan modifications they complete for delinquent borrowers seeking help.

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