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November 14th, 2011

Spotlight on REITs: INMC Mortgage Holdings

(Money Manager) - INMC Mortgage Holdings: This real estate investment trust company invested mostly in residential and commercial mortgages. Up until 1993 INMC Mortgage Holdings was mostly a passive company owned by Countrywide Credit Industries, but that year it broke away and started to aggressively purchase investments and properties, giving out billions of dollars worth of risky and potentially dangerous residential mortgages, that if done right would yield a very high interest rate that would set the company’s net worth soaring.

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