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Loan Modification

: Mortgage Lender Implode-o-Meter

The Buyers? Strike in the Securitization Markets

By Implode-Explode Heavy Industries

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"One of the dead bodies in plain sight that generally goes unremarked upon in polite company is the buyers? strike in the securitization market. Issuance of private label (as in non-government guaranteed) residential mortgage backed securities has collapsed, with government entities insuring 96.5% of all home mortgages in the first quarter 2010. The commercial mortgage bond market is a shadow of its former self."

Full post as published by Mortgage Lender Implode-o-Meter on June 24, 2010 (boomark / email).

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