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Blog Posts in May, 2012

  • Below the Line Confusion

    If you are old enough to be making these loans then you are old enough to remember that the lender was once a local mortgage company. Usually the lender had a deal working with an out of town purchaser who warehoused loans. That purchaser was an assignee of the loan, and if collection ever became necessary you knew that the Assignee owned the loan. Sometimes the Assignee would look back to the ...
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