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November 10, 2012

Insane 2005 Mortgage Fliers Explain Crisis

November 10, 2012

Insane 2005 Mortgage Fliers Explain Crisis

I tweeted this a couple days ago about how mortgage industry jargon has evolved since the insane days of no documentation:

Then today I was cleaning out some old files and found these fliers from some long-gone firms. I’d comment more, but each picture is worth a thousand bad loans (at the very least)…

$XLF