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Home » Store » News » Closed-End Second Portfolios, Originations Dwindle

Closed-End Second Portfolios, Originations Dwindle

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The amount of closed-end second mortgages held by banks and thrifts fell by 19.2 percent in the first quarter of 2010 compared with the same period in 2009, according to the Inside Mortgage Finance Bank Mortgage Database. CES originations continue to decline as performance of the mortgages worsens. Closed-end seconds were a popular tool for... [Includes one chart]
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