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17 Jun 2013, 9:48 am
  When a loan is securitized, it is sold to an investment bank, which bundles it with other mortgages in a “special purpose vehicle,” usually in the form of a trust, and sells the income rights to investors. [read post]
23 Jul 2014, 5:12 am
The total amount of loss to Citizens Bank, which reimbursed the account holders, was more than $180,000. [read post]