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mortgage market: The Truth About the Mortgage Market - 09/26/07 09:39 AM
The Truth About the Mortgage Market
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year. … (8 comments)
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Jason Fontaine
Worcester,
MA
More about me…
Mortgage Master Inc.
Address: 400 Main Street , Southbridge, Ma, 01550
Office Phone: (774) 318-1040 x 224
Cell Phone: (508) 315-2907
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