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The Home Equity Theft Reporter: Investments Tied To Subprime Junk May Leave Florida Pension Fund "Holding The Bag" The banks that originally entered into these risky subprime arrangements generally did so because they had If the trustees representing the investors cannot foreclose, the lucky debtors may be able to stay in their homes without paying.
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Subprime lending was at the heart of the housing crisis that led to the recession. Borrowers who obtained mortgages based on loose credit standards eventually lost their homes to foreclosure, leaving lenders and investors holding the bag. During the housing bubble, lenders approved subprime.
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For another, even with absolutely verifiable facts about what happened at each step, the facts may not tell us who was responsible. Personally, I don’t believe.. The Home Equity Theft Reporter: Investments Tied To Subprime Junk May Leave Florida Pension Fund "Holding The Bag".
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