On the recordJuly 15, 2009
You testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better for the investor as well as the homeowner. How do you explain that?
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congress.govYou testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better for the investor as well as the homeowner. How do you explain that?
Menendez questions the incentives preventing servicers from forgiving principal on loans.
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