NEW YORK - Borrowers would benefit from loan modifications that are implemented properly. While this would also maximize deal cashflow and thus benefiting investors, industry experts roundly rejected the notion of loan modification imposed by Congress.

Participants at the American Securitization Forum Sunset Seminar held here last week tilted Subprime Mortgage Loss Mitigation Strategies - What's Working?' were against legislated loan modification and did not expect Congress to impose strict, mandatory modifications.

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