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Modifications lift sagging mortgage industry (Long Island Business News)
With lending tight and mortgage jobs scarce, many brokers and bankers are joining the booming mortgage modification industry. Modifications, which often involve lowering a loan’s interest rate or principal, or extending a loan’s duration, have taken off since the start of the housing meltdown.
- www.detnews.com
Maine car dealers seek new third-party lenders - Detroit News
PORTLAND, Maine -- Maine car dealers are turning to credit unions and other sources for third-party loans for their customers as bank financing becomes tighter. Maine-affiliated banks are joining the ranks of national lenders who have cut back on or ...
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