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By Paul Muolo
FEB 8, 2010 5:36pm ET

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Capital One Contacts 'Combat' Servicers

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Capital One is seeking out "combat" servicers to help the banking company deal with its growing base of problem residential loans, according to three of the specialty firms.

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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
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A source of relief for both banks and homeowners that could help the housing market and economy recover

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