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Loan Modification

: Mortgage Lender Implode-o-Meter

report: originate to distribute mortgages default more

By Implode-Explode Heavy Industries

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"Mortgages sold on the secondary market quickly after being originated were underwritten more poorly than loans kept on bank?s books, according to a report from the University of Michigan Ross School of Business."

Full post as published by Mortgage Lender Implode-o-Meter on June 19, 2009 (boomark / email).

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