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Richard H. Rubin muses on the state of mortgage foreclosures and loan modification efforts in today’s current state of the mortgage banking crisis. For the hundreds of thousands of homeowners in trouble with their mortgages, facing foreclosure or negotiating with banks and lenders, he sees changing times. Rubin notes, “Lenders, servicers and their counsel no longer enjoy the swagger and unremitting loyalty towards undefended allegations seeking eviction, foreclosure and defaulted loss of homes and businesses.” Rubin cites as evidence the many homeowners and mortgage holders calling and visiting his law firm seeking to defend their rights as defined by mortgage law.
