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Loan Modification

: Mortgage Lender Implode-o-Meter

Shadow Inventory Increases

By Implode-Explode Heavy Industries

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"In its ?Shadow Inventory Update? report, Standard & Poor?s estimates that the principal balance of distressed homes amounts to about $460 billion, representing nearly one-third of the nonagency residential mortgage-backed securities market currently outstanding."

Full post as published by Mortgage Lender Implode-o-Meter on September 28, 2010 (boomark / email).

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