1 Articles match "Maine","News","Secondary Market"
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The Latest from RealtyTrac
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What's Causing the Credit Crunch?
Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. But the bad news doesn’t end there. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. But they all agree on one thing — the mortgage meltdown is far from over.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
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What's Causing the Credit Crunch?
Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. But the bad news doesn’t end there. Many mortgage companies raise cash to keep making new loans by re-selling mortgage debt on the secondary market. A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. But they all agree on one thing — the mortgage meltdown is far from over.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
