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Frank Nothaft

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Cash-In Refis Grow; Lenders Taking Lumps? 

Nov 03, 2008By

It appears lenders may be willing to take a hit on loan modifications, according to data released late last week by Freddie Mac [stock FRE][/stock]. The GSE reported the largest cash-in share — where the refinanced loan is less than the original loan it paid off — in three years, while cash-out refinancing continued to slump amid declining home values.

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