Tuesday, April 13, 2010

Whatever Happened to all those subprime mortgages?

Unfortunately they are still around. They have been popping up all over the country and causing major problems for the homeowners that took them out and it is going to get worst as the bulk of them are up for renewal over the next two years.


Fortunately the subprime market never grew to more than 5% of the total mortgage market but 5% is still enough to cause some major problems for those less fortunate. It is estimated that there are still another 30,000 of these mortgages coming due within the next 24 months....

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Paul Mangion


M.O.S. MortgageOne Solutions Ltd.

http://www.gtamortgagematters.com/

paul@paulmangion.com

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