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2012-03-27 — bloomberg.com

Pools of home loans securitized into bonds were a central part of the housing bubble that, once burst, helped push the U.S. into the biggest recession since the 1930s. The market for mortgage-backed securities peaked at $2.3 trillion in 2007. Investors have filed class-action, or group, lawsuits against at least 16 private issuers of securities backed by mortgages.

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