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Subprime Lending

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More Evidence that the 2007 Mortgage Vintage Will be Trouble 

Sep 27, 2007By

If you read the media, you’ve undoubtedly heard about all of those bad, bad subprime loans made in 2005 and 2006. And if you believe everything that you read in the financial press and from the mouths of any loan originators still doing business in subprime, you also might think that nobody is making subprime loans anymore. Even Countrywide CEO Angelo Mozilo went on national TV not too long ago and proclaimed that his company was “out of subprime.”

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