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Loan Modification
: Mortgage Lender Implode-o-MeterFed plans repo markets revamp
By Implode-Explode Heavy Industries
The US Federal Reserve is considering dramatic changes to the giant repurchase ? or repo ? markets where banks around the world raise overnight dollar loans.
The plans include creating a utility to replace the Wall Street banks that handle transactions, people familiar with the matter say.
Full post as published by Mortgage Lender Implode-o-Meter on June 22, 2009 (boomark / email).
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