2008-08-19 — yahoo.com
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The nation's struggling housing market, already awash in subprime foreclosures, is now getting hit with a second wave of losses as homeowners with liar loans default in record numbers. In some parts of the country, the loans are threatening to drag out the mortgage crisis for another two years."
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Comments:
VacantHomes at 02:03 2008-08-20 said:
I loved this quote from the article:Fannie Mae increased its purchases of liar mortgages "at the requests of many of our customers," according to spokesman Brian Faith.Permalink
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