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FHFA’s DeMarco outlines plan for mortgage servicers to regain public trust 

Feb 23, 2011By

Establishing strong relationships with borrowers at origination, maintaining that bond and outlining all potential loan modification programs are necessary for mortgage servicers to regain the public’s trust and properly handle the high number of foreclosures. Edward DeMarco, acting director of the Federal Housing Finance Agency, said there needs to be improvements in the consistency, quality and uniformity of loan data at the front end of mortgage origination.

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