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Tuesday, September 20, 2005
Crazy loans: Is this how the boom ends?
A few years ago, so-called "nontraditional" mortgages were a mere sliver of the market (less than 3 percent by some estimates); a July survey by the mortgages Federal Reserve found that they now account for more than a quarter of new business at a third of the nation's largest home lenders. Read more...posted by Charles Monat Associates at 8:55 AM
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