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By Kate Berry
FEB 2, 2010 5:23pm ET

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Mortgage Compliance Costs on the Rise

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The cost of originating a home mortgage is soaring and profits are dwindling to the extent lenders can't pass the increases on. To ensure compliance with a slew of new regulations that ...

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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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