Article: Loan crisis hits home; Subprime mortgages pose a threat to region's housing stability as lending rates revealed.(Main)

Byline: CHRIS CHURCHILL - Business writer

TROY - A ZIP code that includes much of Troy has the area's highest total of subprime mortgages, leading to fears of rising foreclosures and destabilized neighborhoods.

ZIP code 12180, which also includes the town of Brunswick, has the Capital Region's highest number of subprime loans held by borrowers who occupy the buildings, according to a statewide analysis released Friday by the Federal Reserve Bank of New York.

And 12180 has the state's highest number of subprime mortgages held by borrowers who don't live in the buildings.

"The absentee landlord issue is a big one here," said South Troy ...

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