US mortgage crisis and mortgage innovation

Getting back to my 'Sunday Afternoon Musings''s been a few weeks since i wrote something here, but want to share some recent experiences here in Charlotte:

A new friend told me that a recent study revealed the following: Among 14-18 year olds, one of the Top 5 questions they had about financial matters was 'What's a foreclosure?' Among those, one of the top questions was: 'How does one make money off foreclosures?' This would have been a surprise to me, except that i had to explain this concept to my own ...

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