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Legal fights over loan modifications, appraisals and foreclosures drove a 54 percent second-quarter spike in mortgage-related lawsuits, according to a joint analysis by MortgageDaily.com and Washington-based law firm Patton Boggs. According to the data and Patton Boggs' experience, there appeared to be a direct correlation between an increase in legislative and regulatory activity and a pronounced upswing in litigation, said Pat McManemin, a Dallas-based business and litigation partner at Patton Boggs.
August 25, 2009 at 12:00 AM
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The original version of this story was published on Law.Com
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