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The WSJ's inside look at one toxic subprime mortgage bond securities "CWABS- 2006-2007"- what happened to borrowers and investors by 2013

09/13/2013

Mortgage borrowers delinquent for 2 months on their payments have come down to 10% in 2013 compared to 2012 and about 50% at the height of the crisis in 2008-2009. This is the story of why the current recession in the U.S. is taking longer to heal than other recessions, leaving lasting damage in long term unemployed, and as it does calling for reflection, leaving important lessons that need to be learned.

Grouped Articles

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09.13.2013


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