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By Paul Muolo
JUL 27, 2010 2:45pm ET

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Maverick Funding to Answer Connecticut Regulators

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Maverick Funding in Parsippany, N.J., has hired counsel and expects to give a complete response to Connecticut regulators concerning a report that it did not disclose ...

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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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