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That I knew nothing about what I’d be covering-real estate investment trusts and commercial-mortgage-backed securities-didn’t bother my editors; they figured I could ask questions. I was too.
Borrowers like to point out banks got bailed out too.. Paying private mortgage insurance (PMI) is stupid.. We won't tell them this out of courtesy, but that's just the way things are now.. I asked this one borrower why he decided not to pay his mortgage for a whole year.. Both of us are professionals with Masters degrees.
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