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Report: Subprime and Alt-A Loss Severity Hits 64.7% in June

From Gretchen Morgenson at the NY Times: So Many Foreclosures, So Little Logic Alan M. White, an assistant professor at the Valparaiso University law school in Indiana analyzed data on 3.5 million subprime and alt-A mortgages in securitization pools overseen by Wells Fargo.

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Homer Economicus

This piece ” Mortgages Made Simpler ” by Richard Thaler, is a discussion of the proposed Obama Administration regulatory requirement that lenders offer consumers “plain vanilla” mortgages.

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