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Re: real estate loan question

Michael Perelman wrote:

Who bears the risk on the new-fangled real estate loans?  Are they
securitized like
traditional loans?


Yeah it's mostly securitized. The WSJ had a piece the other day about
how foreigners were buying the stuff up lustily. They quoted a
Chinese portfolio manager who couldn't get enough of them. But our
own pension funds &  mutual funds are big buyers too.

Doug

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