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Subprime Mortgage Lending in the USA

August 15, 2007

Let’s start with the good news. The US situation will directly effect only those institutions who have invested in the subprime residential mortgage portfolios that are in trouble. Romspen Investment Corporation has never and will never acquire such portfolios. In Canada, the US style of aggressive subprime residential lending never happened, and even in the US, aggressive commercial subprime mortgage lending never happened. The cause of the current problem is the large pool of aggressive subprime residential mortgages funded in the past few years.
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