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Inside

VIEWPOINT

Syron tackles systemic risk page 4

SPEEDWATCH

Analysts see slowdown page 6

HEDGING

WaMu sees challenge page 10

COMMERCIAL

Rates affect real estate page 13

SERVICING PEOPLE page 30

MSN/SPECIAL REPORT: REO & Default Management

Rising interest rates, seasoning portfolios and "exotic" loan innovations mean that default rates could start to rise. Find out how the industry is preparing for this challenge. Page 23

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