Freddie Mac

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Columbia Profs Tackle Loan Mods 

Jan 12, 2009By

Three Columbia University professors are the latest to weigh in on the much-discussed topic of loan modifications in a report released late last week. In a two part proposal, which suggests creating financial incentives for servicers and reducing the red tape around workouts, the academics provide what they consider a comprehensive solution to boost modifications to troubled home loans that have been bundled into mortgage bonds.

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Updated 11 months ago