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Home » Store » News » Non-Prime Negative Equity Stable Since Mid-2008?

Non-Prime Negative Equity Stable Since Mid-2008?

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Negative equity on securitized non-prime mortgages peaked in mid-2008 and has stayed relatively stable since then, according to a report released last week by the Government Accountability Office. Upon further scrutiny, the promising findings look to be misleading as second mortgages were excluded from the negative equity calculation. The share of outstanding securitized...
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