The gist of Joseph Mason’s comments, Drexel University professor of finance is that the losses in the collateral of a structured finance – can’t come back. Foreclosed homes are often sold at a discount, and thus booked.
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The gist of Joseph Mason’s comments, Drexel University professor of finance is that the losses in the collateral of a structured finance – can’t come back. Foreclosed homes are often sold at a discount, and thus booked.