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Seconds Sold; Discount More than 99%

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DreamBuilder Investments LLC has purchased a $173 million package of nonperforming second liens after the initial winning bidder failed to close.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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