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Current Foreclosure Crisis Deemed the Worst in U.S. History

By mmc_digg ⋅ April 8, 2008 ⋅ Email this information ⋅  Print this post ⋅ Post a comment

According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S. is embroiled in the worst foreclosure crisis in recorded history. More than 14 percent of subprime borrowers are defaulting, and prime borrowers are beginning to follow suit.

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