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IPFS News Link • Housing

Giant Sucking Sound: Mortgage Loss Severity, Subprime First-Lien

2-9-10 • aleablog.com/

This chart shows the loss severity for subprime first-lien mortgage loans in the tri-state area (New York, New Jersey, and Connecticut). Loss severity is defined as the average size of a loss if one occurs. Minus 70 percent.

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Reported By Jack Gregson

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Giant Sucking Sound: Mortgage Loss Severity, Subprime First-Lien

FreedomsPhoenix.com