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Last month, JPMorgan Chase posted a smaller than expected drop in, but cautioned that the mortgage market and the economy were getting worse. And in this moribund market for mortgages, the less you owe, the better for bagging a cheaper hublot deal, too. Treasury Secretary Henry Paulson will need to use his newly won power to prop up Freddie and Fannie. Company executives sought to reassure investors yesterday, saying the restatement of net income to.

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