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Mortgage Finance Articles

2008 will not be remembered as a banner year for the home financing industry. Unfortunately, the mortgage industry has been turned upside down in the last few years. Let's review the events that have led to this current financing crisis. Will congress pass a 700 billion dollar financial bailout package? The sub-prime mortgage mess saw its first fire in 2006 as publicly traded mortgage company; New Century went bankrupt in the wake of thousands of bad home mortgages and no liquidity.

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