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Resource ID: #23297
Subject: Real Estate
Source: Morning Call (Allentown, Pa.)
Affiliation: 
Date: 07/15/2007

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Description

This story utilized HMDA data, foreclosure reports and experts to explain how a wave of unstable mortgage loans were causing increasing numbers of uninformed borrowers to lose their homes. The investigation illustrated the problems faced by many people who, being unfamiliar with buying a home, ended up accepting very harsh terms on their loans and mortgages. Experts predict that this situation will lead to a rise in forclosures in the area.

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