From blownmortgage.com
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mortgage industry
News and info on the mortgage industry, including updates on the mortgage crisis as well as information on how to protect you land and assets.
Big Banks are in trouble as more and more families are unable to pay their mortgages. The problem is that troubled homeowners are no longer the “typical” borrower with subprime loans with high interest rates. High unemployment is creating a whole new demographic of troubled borrower with “good” loans they can simply not afford anymore.
Another problem is the existence of billions of dollars in option-adjustable rate mortgages which are a...
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