Wall Street Journal: Borrowers Abandon Mortgages as Prices Drop
Goldman Sachs economists estimate that as much as $3 trillion in mortgages could be underwater by the end of the year, leaving 30% of the country’s outstanding mortgages in negative equity. Since there is roughly $1 trillion in subprime mortgages … Continue reading Wall Street Journal: Borrowers Abandon Mortgages as Prices Drop
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