Financial Instruments and Institutions

Financial Instruments and Institutions

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Reflecting this fact, mortgages rated Aa€” constituted 84% of subprime mortgage originations by number in 2003 but only 62% in 1997.13 ... Countrywide is somewhat of an exception as the sole remaining large independent mortgage bank, although it has diversified into ... activities, such as billing, collecting, and processing payments; dealing with defaulted mortgages; and providing customer service.

Title:Financial Instruments and Institutions
Author:Stephen G. Ryan
Publisher:John Wiley & Sons - 2007-07-20


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