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Regions Morgan Keegan Select High Income Fund Tumbles

Published August 12th, 2007 in Markets. Tags: , , , , .

Holding 15% subprime assets has been rough for this mutual fund.  The problems aren’t likely to end anytime soon.

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« About Subprime Lending
Metafilter on Subprime Contagion »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

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