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"Starting from a virtual standstill 10 years ago, subprime lenders became by far the fastest-growing segment of mortgage lending. They wrote US$540 billion in mortgages by 2004 and US$625 billion at their peak in 2006 - roughly one-quarter of all new mortgages." — John Pugsley.
Blogger's note: Our friend John Pugsley at The Sovereign ... Continue reading »
Blogger's note: Our friend John Pugsley at The Sovereign ... Continue reading »
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