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Much uncertainty surrounds the cost of litigation over bad mortgages.
The investors who own bad mortgages accept whatever is left.
Many of its problems stemmed from bad mortgages in its Residential Capital, or ResCap, unit.
Many banks are still coping with bad mortgages and other loans.
The nation's continuing angst over bailouts, bonuses and bad mortgages has made sure of that.
This approach creates doubt about the true level of bad mortgages at Irish banks.
Much hinges on just how big the losses from bad mortgages are going to be.
Probably there was more talk about ways to promote self-interest, stick your buddy or bundle bad mortgages.
On bad mortgages, losses could be recovered by selling the homes at higher values.
Fourth, as the original HOLC found, not all bad mortgages can be turned into good ones.
Sovereign, a savings and loan, has been hobbled by bad mortgages during the housing slump.
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