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Loan Modification

: Mortgage Lender Implode-o-Meter

Fed to GSEs ? Put it on the Balance Sheet!

By Implode-Explode Heavy Industries

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"The Federal Reserve has reclassified $4.4 trillion of IOU?s. They have taken them out of the category ?Mortgage Pools and Trusts? and put them on the individual Agency?s balance sheet(s)."

Full post as published by Mortgage Lender Implode-o-Meter on July 09, 2010 (boomark / email).

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