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IPFS News Link • Economy - Economics USA

WaMu Alt-A Pool Revisited

3-26-08 • Michael Shedlock / Mish

Cesspool Bottom Line: 22.69% of a pool that was 92.6% rated AAA is 60 days delinquent or worse. At the current rate of progression it would not be surprising to see 30% of this pool get to REO status.

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