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GLG News by Accounting & Finance Academic Experts (UK)

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June 2, 2008
Practical help for homeowners
Analysis of: The Role of Fair Value in the Subprime Mortgage Metltdown | www.aicpa.org
Author: GLG Expert Contributor
The article goes into sub-prime mortgage valuations. i wanted to add a couple of comments about the negaitive effects of homes/properties being repossessed. This causes losses for the lender as they do not recover the principal and interest outstanding. It causes devastation and financial and social/psychological...

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