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New mortgage deluge: 'liar loans'

 
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Dabareh
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Joined: 12 May 2006
Posts: 9355

PostPosted: Tue Aug 19, 2008 10:59 am    Post subject: New mortgage deluge: 'liar loans' Reply with quote

Home loans made without proof of assets create a second wave of foreclosures Tuesday, August 19, 2008 ALAN ZIBEL The Associated Press In the mortgage industry, they are called "liar loans" -- mortgages approved ...

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