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U.S. subprime mortgage foreclosures critical |
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Monday, 19 March 2007 |
Since late 2006 it is estimated that more than 30 US based subprime lenders have closed up shop, forced into bankruptcy because of a rising borrower delinquency rate. This trend has seen a major decline in share prices for many US lenders and has reduced real estate values in some areas. Could Australia be next?
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Read more... [U.S. subprime mortgage foreclosures critical]
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