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Loan Modification

: Mortgage Lender Implode-o-Meter

The mother of all bank re-securitisations?

By Implode-Explode Heavy Industries

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"The Federal Deposit Insurance Corporation has accumulated some $36bn worth of assets from the plethora of failed US banks. One of the ways the organisation could sell off those assets is via some form of securitisation."

Full post as published by Mortgage Lender Implode-o-Meter on February 11, 2010 (boomark / email).

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