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sub-prime loan

The NEW Sub-Prime Loan Market: Bigger Than Ever

“Countrywide” Redux:  The Age of  the Sovereign Sub-Prime Loan Remember sub-prime loans, the ones being handed out like candy to apparently penniless Southern Californians (and Nevadans and Floridians and . . )? With such features as “negative amortization,” whereby the Buyer could opt to re-pay as little per month (or nothing!) as they wished, with the...
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