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08/26/07
U.S. banks weather mortgage meltdown
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 12:18 pm

Now that the first wave of the storm appears to have blown through, bankers are starting to clean up the mortgage mess. Most say they are finding the damage isn’t as widespread as was feared, although plenty of digging out lies ahead. Look for tighter lending policies, more conservative products and more accounting reserves to offset possible losses.  More…

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