Sunday, May 11, 2008

Cleveland News Story: Nearly Half of Sub Prime Loans From 5 Lenders Went Into Foreclosure.

Cleveland Plain Dealer story says that nearly half of the 2005 Cleveland loans from five subprime lenders have gone into foreclosure. Mortgage fraud is a significant reason; story says that county prosecutor has indicted 171 people since 2007.

The news story is HERE

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