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subprime meltdown

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Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans

by Rob K. Blake | January 17, 2009

I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical formula that demonstrates subprime lender have little financial motivation to modify mortgages facing default.
This research I thought was interesting because I am caught between wanting the government or the lenders to “help” [...]

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