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Loan Modification

: Mortgage Lender Implode-o-Meter

Nonprime mortgage lending boom traced to excessive risk taking, lapses in regulation

By Implode-Explode Heavy Industries

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"Researchers at the Joint Center for Housing Studies of Harvard University say regulators who didn?t do much and too much money looking for something to do combined to cause the boom -- and then bust -- of nonprime mortgage lending in the United States."

Full post as published by Mortgage Lender Implode-o-Meter on September 27, 2010 (boomark / email).

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