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Cluster of foreclosures linked to loose lending practices

Cary Spivak and Daniel Bice of the Milwaukee Journal Sentinel identified the four inner city neighborhoods hit the hardest by the mortgage meltdown in Milwaukee and zeroed in on the lending practices.  The reporters found that many of the people who lost homes to foreclosure never should have gotten loans in the first place. But lenders eagerly wrote loans to people despite poor credit ratings, numerous bankruptcies and even criminal convictions for financial crimes such as forgery and food stamp fraud.

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