Industry NewsMortgage

If foreclosures are the earthquake, watch out for the credit crunch tsunami

Part 4: Subprime tsunami
Published on Mar 15, 2007

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by CareyBot

Editors note: Part four of a four-part series on the crisis in subprime mortgage lending looks at why lenders underestimate the cost of making risky loans during housing booms, and how the credit crunch may play out in the marketplace.

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