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Loan Modification

: Mortgage Lender Implode-o-Meter

Nonprime Borrowers With Negative Equity: Not a Pretty Picture

By Implode-Explode Heavy Industries

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" The report by the Government Accountability Office, which was published last month and released publicly on Wednesday, estimates that in 16 major metro markets, nearly six in ten borrowers who took out subprime or Alt-A mortgages between 2000 and 2007 owe more than their homes are worth."

Full post as published by Mortgage Lender Implode-o-Meter on January 16, 2010 (boomark / email).

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