Bankruptcy : Subprime Mortgage Crash Hurts More than Just Borrowers
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Total Bankruptcy
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Bankruptcy
Blogged date : 2007 Jun 06
This spring alone, several subprime mortgage lenders have filed for bankruptcy protection, closed their doors, or announced substantial reductions in staff. The elimination of thousands of jobs in the subprime mortgage industry adds another negative economic factor to communities already challenged by skyrocketing foreclosure rates and falling home values.
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