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IPFS News Link • Housing

Mr. Mortgage: Mortgage Default Crisis – Brutal Past Two-Months

07-22-2009 • fieldcheckgroup.com/

The foreclosure resales for sale today are from 30-day loan defaults that first happened from 1 to 1.5 years ago — the heart of the Subprime Implosion. This highlights how much housing supply is in the foreclosure pipeline at any given time.

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Reported By Jack Gregson

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