Industry NewsMortgage

Damn the early payment defaults, full steam ahead

Part 3: Subprime tsunami
Published on Mar 14, 2007

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by CareyBot

Editors note: Part three of a four-part series on the crisis in subprime mortgage lending looks at how subprime lenders, having built up the infrastructure needed to originate loans in large volumes, needed to continue making risky loans to remain profitable.

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