Assessing the quality by ProQuest

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Mortgage market specialist edeus is launching a new asset quality assessment service that will allow lenders to understand the current risks of all the mortgages in any of their asset pools. Alan Cleary, managing director of edeus, said the main cause of the credit crisis is that no one knows what mortgage books are worth anymore so no one is prepared to trade them. Effectively, they've found a cure for the credit crunch. This is a hugely important development for the mortgage market; it's going to take the market by storm.

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