Twenty percent of the current subprime loans outstanding are in foreclosure or are past due. I think the regular rate is about 1%.
Click on the post for a closer view of the fole of FHA and speculators and agressive mortgage lenders in the current crisis. The key states of this crisis are not in the Midwest.
Stay tuned.
The Evansville Observer Archive: The unofficial history of Evansville, Wisconsin from 2005-2013: Thousands of Video and Audio and Articles; Free: To Search scroll to the Search this Blog line and enter name of person, topic, or issue. Then scroll up to see all articles. Or use Google Search by topic. Enjoy.
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