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Exotic Mortgage Brokers: The New Boiler Rooms

Barry Ritholtz:

How did we go from a nation of fixed-rate loving mortgage holders to this sudden spike in toxic mortgage products? It turns out that hard pitching telemarketers, in the best boiler room fashion, have been jamming these products down the throat of unwary consumers. Consider the following discussion from our media shy denizen of Maine:

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This page contains a single entry from the blog posted on September 12, 2006 8:44 AM.

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