18. After roakng payments for three years, one of the mortgage borrowers defaults on the mortgage. NewBaok
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18. After roak•ng payments for three years, one of the mortgage borrowers defaults on the mortgage.
NewBaok unmediate)y takes possession of the house sells ital. auction far Legal foes amount to $26,000. If no loan loss reserve was established for mortgage loans, how is this event recorded?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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