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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MoneyPenny who wrote (38477)	10/5/2005 11:14:50 AM
From: mishedlo	Read Replies (1) of 116555

Good article on San Jose Mercury news covering the RE Bay Area (CA) RE 3 part series - Boom/Bust? mercurynews.com mercurynews.com mercurynews.com SNIP: Today's mortgage industry bears as much resemblance to that not-so-distant era as a semiconductor does to a vacuum tube. Capital for loans flows in from around the globe. Borrowers apply for loans online and through legions of mortgage brokers. Lenders use credit scores to size up borrowers in seconds, then bundle stacks of mortgages and sell them to investors. Proceeds from those sales then fund another round of loans to people hungry for a house.

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