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The Arlington Institute

Mortgage-backed Securities

Freakonomics - New York Times - The Cash-Back Mortgage

Thu, 06/28/2007 - 7:50am — nicholasperry
Link:
http://www.nytimes.com/2007/06/10/magazine/10...
Column about the real estate practice of the cash-back mortgage transaction, in which a buyer receives a "rebate" to finance his own down-payment — a rebate that the lending bank never finds out about.
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