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Loan Modification

: Mortgage Lender Implode-o-Meter

Wall Street to securitize delinquent loans

By Implode-Explode Heavy Industries

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"Wall Street firms in coming weeks will likely package delinquent loans into securities as a way to satisfy the higher yields demanded by investors, Jon Daurio, chief executive officer of distressed loan buyer Kondaur Capital Corp, said on Monday."

Full post as published by Mortgage Lender Implode-o-Meter on May 24, 2010 (boomark / email).

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