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Mortgage servicing foreclosures subject of House hearing
WASHINGTON (7/23/08)—The House Financial Services Committee has announced a July 25 hearing to review mortgage servicing practices and foreclosure mitigation. Specifically, the committee intends to examine the role of mortgage servicing in the foreclosure crisis, focusing on ongoing problems with loan modifications, and the need for improvements in servicing practices and responsiveness to consumers. A witness list has not yet been made public.
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