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UBS Sees More Modifications.

Publication: American Banker
Publication Date: 20-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Servicers have dramatically increased their modifications this year on subprime mortgages undergoing rate resets, according to research by UBS AG.

Because of a sharp drop in the London interbank offered rate, such resets do not pose nearly the problem they might have before, and the modification debate has shifted...

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