Housing Policy

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Don’t call it a comeback — because it’s not 

Jan 01, 2014By

A financial industry publication recently reported, “Carrington Mortgage, Citadel Servicing and New Penn Financial are planning securitizations of newly originated subprime mortgages.” The publication went on to say in breathless tones that “[t]he offerings, on the slate for 2014, would confirm recent predictions that deals would soon start flowing in the asset class…”

3d rendering of a row of luxury townhouses along a street

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