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| Are Mortgage Modifications Simply Delaying Foreclosures?
Approximately half of all borrowers who received a modification in the fourth quarter saw their monthly payments reduced by over 30 percent. |
Northwest HUD Lines for May 2012
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Justice Department Investigates Possible Interest Rate Manipulation
Interest rates for credit cards, mortgages, student loans and other types of debt are set by the London Interbank Offered Rate or Libor. However, the Justice Department suspects that there may be some Libor rate manipulation that allowed banks to both control interest rates and profit from their advance knowledge of what future rates would be. |
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