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03-17-2009, 05:44 PM
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#11 |
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Professor
Join Date: Nov 2008
Location: the edge of the abyss
Posts: 1,947
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This is the reason why I said (somewhere) that I don't think mortgages should be traded. If you have to hold on to a mortgage, then you are more likely to make good, sound loans. I never even knew mortgages WERE traded until recently. Really, who came up that genius idea? that is the STUDIEST thing I've ever heard. Well, not really, but close.
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