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IPFS News Link • Housing

Subprime default rate as high as 49 percent

07-06-2009 • thetruthaboutmortgage.com/

S&P now expects the default rate on subprime loans issued in 2005, 2006, and 2007 to be 11 percent, 30 percent, and 49 percent, respectively.

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Reported By Jack Gregson

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Subprime default rate as high as 49 percent

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