Word: schloemer
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...strong financial system," says Ellen Schloemer, director of research at the Center for Responsible Lending. "But borrowers need to be helped too, and they have in large measure been left out of the rescue effort...
...home loans it services would qualify for the program. Worse, warns the CBO, nearly one-third of borrowers who qualify for the new plan will end up redefaulting on their mortgages anyway. "The steps we have taken so far don't nearly address the scope of the problem," says Schloemer...
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