CRL Study: Subprime Foreclosures Exceed 1.5 Million Threshold

February 2009
Mortgage Servicing News;Feb2009, Vol. 13 Issue 1, p2
The article reports on the study by the Center for Responsible Lending (CRL) showing that around 1.5 million subprime mortgage borrowers have lost their homes to foreclosures in the U.S. The research found that loan modifications fell behind to the rising rate of defaults. It adds that around two million are at risk.


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