Jimmy Carter urges rescue for subprime borrowers

Story date: 2007-10-29 05:15:00
Added on: 2007-10-29 20:00:21

CNBC - ... in Southern California as families took out mortgages with low introductory rates, which often would spike upward in two years. Los Angeles County, one of the wealthiest in the nation, showed a 144 percent rise in defaults on mortgage loans in the ...


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