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Trending Toward the Cliff

“Interest-only loans are back,” says Andy Little, principal at John B. Levy & Co., “and they’re back in a big way.” A full 24% of the loans that were securitized in the first quarter of 2011 through conduit lenders were structured with some sort of interest-only period. “What makes this so curious,” according to Little “is that a lot of people were convinced that the real estate finance car wrecked and rolled off the cliff because of these types of loans. And yet here we go again.”

To view the latest podcast, “Trending Toward the Cliff,” please click here.

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