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Hope Now, Pay Later

By admin ⋅ December 6, 2007 ⋅ Post a comment

Some analysts were complaining that the Treasury Department/Hope Now Consortium plan to fix some mortgages at “teaser rates” - as a way to stall the foreclosure wave - was nothing more than delaying the pain. This may be true, and the fact that mortgage backed securities investors seemed to be missing during all the […]

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