Thread: The Depression of 2008
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Old 03-15-2008, 02:03 PM
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Default The Depression of 2008
Posted By: Frank Wakefield

What the banking industry needed was slabbed mortgages. Before the execute a mortgage, or buy or resell one, they have to get it slabbed. An SGC or PSA mortgage should be fairly reliable and solid, most of the time. Maybe a Beckett mortgage. Most any other type of slabbed mortgage would be suspect.

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