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Neighbors on land, but not yet commingling in ABS pools

BARCELONA - Alas, a multinational residential mortgage securitizations still only exists in the dreams of nail-biting-real-estate-bubble-phobes in search of the ultimate in geographically diverse loan pools. Such a concept may only be a pipe dream, despite anticipated growth in pan-European lenders, as the concept of cross-jurisdictional securitization is "fraught...

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