Effects of sub- prime lending come full circle
Story date: 2008-02-11 10:03:00
Added on: 2008-02-11 23:00:25
Grand Island Independent - ... relatively low interest rates provided entry to millions of home buyers who would not have qualified for traditional mortgages ... Too many borrowers added second or third loans and fully exploited the opportunity to borrow against equity. The sub-prime ...
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