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Loan Modification

: Loan Modification & Home Loan News

The Fed has toxic mortgage problems too

By Moe Bedard

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The Federal Reserve Bank of New York doesn’t have to look far to understand the woes of banks and investors that hold loans and securities underpinned by real estate. It can look at its own books. A review of the portfolios the regional Fed bank assumed as part of two financial bailouts in 2008 shows a complex [...]

Full post as published by Loan Modification & Home Loan News on April 02, 2010 (boomark / email).

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