Selasa, 03 Maret 2009

Virginia is a Blue State. And We Don't Mean Obama Democrat "Blue."

USA Today has a story and map graphic about loans made that were 4x (or more) a borrower's income. This kind of mortgage lending rarely happened before the bubble.Mortgages written in Virginia, as elsewhere, changed significantly between 2000 and 2007. Massive loans with adjusting monthly payments account not only for inflated home prices that are keeping would-be sellers trapped in their homes

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