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Loan Modification

: Mortgage Lender Implode-o-Meter

For Mortgages, a Pain in the Alt-A

By Implode-Explode Heavy Industries

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" Early evidence of at least some relative improvement among securitized subprime loans likely won?t matter much to mortgage markets overall, thanks to fast-increasing pain in other sectors of the mortgage market. According to early surveillance data released Friday by Clayton Holdings, Inc., both subprime and Alt-A delinquencies continue to grow, but patterns within overall delinquency trends show just where the pain in the mortgage market really has shifted to."

Full post as published by Mortgage Lender Implode-o-Meter on May 01, 2009 (boomark / email).

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