Paying off subprime debt

While the mess in the subprime mortgage market is no laughing matter, it's OK to lighten up with a bit of humor at times. That said, The Onion has compiled a stat chart of how people are coping with their subprime debt:

Hat tip to Future of Real Estate Marketing for the find.

For a more serious look at what's happening with subprime mortgages, check out Inman News coverage:

Stocks tank on Countrywide fears
Mortgage credit crunch roils markets
Credit squeeze reaches dramatic stage
Midyear housing update: How bad will it get? (Three-part series)

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