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Foreclosures Still Accelerating.(News)

Mortgage Servicing News

| June 01, 2009 | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Mark Fogarty & Bonnie Sinnock

Chicago-Experts in both servicing and origination last month had seen some signs of improvement in the housing market but questioned the extent to which these might stabilize foreclosures during a roundtable at the Mortgage Bankers Association's National Secondary Market Conference here.

Excerpts from that discussion that follow are based on a discussion between (above, from left) Scott Stern, chief executive officer and founder of Lenders One mortgage cooperative; Mike Margolf, executive director, AllonHill; Ed Fuchs, chief financial officer and head of capital markets at NetMore America; Les Parker, president of ...

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Source: HighBeam Research, Foreclosures Still Accelerating.(News)

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