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  • Thornburg Mortgage: A Victim of Its Own Success [View article]
    The same thing often happens often to mortgage borrowers. If a troubled loan has high equity it is one of the first forclosed on to take advantage of the cushion. Loans underwater are just more toxin to infect the lenders balance sheet. All of this ruthless activity will be well remembered when new enterprises rise out of the ashes. Guys like Goldstone will look for every opportunity to get back at JPM.
    Mar 06 20:11 pm |Rating: 0 0
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