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As Prime Loans Fail, 3Q Delinquencies Make Highs

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In another dismal quarterly report, the Mortgage Bankers Association said Thursday that the share of all loans that were either 30 days or more delinquent or in foreclosure ...

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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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