The current credit crunch led by failed subprime loans are creating uncertainty amoung the natives
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Sunday, August 26, 2007
Subprime
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A mortgage is a method of using property (real or personal) as security for the payment of a debt. The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
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