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In a conference call/press conference on Thursday, the Conference of State Bank Supervisors ( CSBS ) released its first report on loss mitigation efforts as reported by 13 major residential mortgage servicers. Iowa Attorney General Tom Miller explained that the report grew out of a concern dating back...
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The six big agencies that regulate most of the nation's banking system issued "guidance" Tuesday encouraging mortgage servicers to work with borrowers to mitigate loan losses and keep families in their homes where "possible and appropriate." The Federal Deposit Insurance Corporation, Board of Governors...