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Jaime Caruana

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Mortgage Losses to Top $1.4 Trillion: IMF HW+

Oct 07, 2008By

Signaling a worsening financial and mortgage-led crisis, economists with the International Monetary Fund said Tuesday they now expect mortgage-related losses substantially above the $945 billion estimated in April. In the IMF’s latest Global Financial Stability Report, officials said they now foresee losses as large as $1.4 trillion.

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

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