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Countrywide
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08-23-2007, 12:53 PM
DesertCat
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Join Date: Aug 2004
Location: Pwned by A-Rod
Posts: 4,236
Re: Countrywide
NY Times reporting CFC agreed to buy back loans from securitizations if they ever were modified, i.e servicer is forced to offer better terms/rate to keep borrower current. Never heard of this before, big potential liability.
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