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Second Wave Of Mortgage Defaults On The Horizon?

By r morris

CBS' 60 Minutes ran a story Sunday night reporting: [A]s correspondent Scott Pelley reports, it turns out the abyss is deeper than most people think because there is a second mortgage shock heading for the economy. In the executive suites of Wall Street and Washington, you're beginning to hear alarm about a new wave of mortgages with strange names that are about to become all too familiar. If you

Full post as published by The Home Equity Theft Reporter on December 16, 2008 (boomark / email).