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Bank and Thrift Mortgage Performance Continued to Deteriorate in Early 2009
The single-family mortgages that banks and thrifts chose to keep in their retained portfolios used to be a lucrative cache of low-worry assets, but that has changed dramatically over the past few years as the housing market has crumbled. As of the end of the first quarter of 2009, a whopping 9.42 percent of first-lien home mortgages held in bank and thrift... [Includes two charts]
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