Thursday, March 3, 2011

In foreclosure settlement, U.S. may force banks to meet loan-modification quotas
For more: http://wapo.st/ffcGaV
As part of a settlement with banks that engaged in shoddy foreclosure practices, the Obama administration is weighing whether to impose quotas that would force the firms to modify a specific number of mortgages for distressed borrowers, sources familiar with the discussion said.

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