Default rate on U.S. subprime mortgages continues to rise
Story date: 2007-10-16 03:04:00
Added on: 2007-10-16 07:25:52
International Herald Tribune - And declining home prices have made it harder for borrowers to refinance loans, especially in cases where the buyers could afford the homes only with the help of the low introductory rates on adjustable mortgages. Those borrowers are expected to ...
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