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Wednesday, April 30, 2008

The Road to a Jumbo Mortgage Was Supposed to Get Easier - New York Times

The Road to a Jumbo Mortgage Was Supposed to Get Easier - New York Times

I wonder if this portends persistent softness in the upper bracket real estate market. With the inertia in terms of the securitization of these larger loans, it may be a while longer before the bottom is established in terms of prices.

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