|
|
Article: Foreclosures expected to surge ; Homeowners carrying subprime mortgages are watching their interest rates go through the roof.
- Article from:
- Portland Press Herald (Portland, ME)
- Article date:
- January 7, 2007
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
EDWARD D. MURPHY Staff Writer
Portland Press Herald (Maine)
01-07-2007
Foreclosures expected to surge ; Homeowners carrying subprime mortgages are watching their interest rates go through the roof.
Byline: EDWARD D. MURPHY Staff Writer
Edition: FINAL
Section: Business
A financial research group is predicting that foreclosures on homes carrying subprime mortgages in southern Maine will accelerate in coming years - with the rate nearly tripling and reflecting a national leap in foreclosures for borrowers with poor credit.
The Center for Responsible Lending projects that 17.8 percent of subprime loans taken out last year in the Portland-Biddeford region will end in foreclosure and the lender ...
Related newspaper, magazine, and journal articles:
|