Broken Dreams

Number 23297
Subject Real Estate
Source Morning Call (Allentown, Pa.)
State PA
Year 2007
Publication Date 07/15/2007
Summary 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.
Category General
Pages 14
Keywords housing market; mortgage; real estate; HMDA; foreclosure; Excel
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