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Subprime crisis looming in Pennsylvania

The latest report on subprime lending woes comes from The Morning Call in Allentown, Pa. Reporters Tim Darragh and Matt Birkbeck predict that the worst is yet to come in the region. With their home prices pumped up to record levels, Lehigh and Northampton counties ranked first and second among Pennsylvania's 67 counties for growth in high-rate, subprime mortgages from 2004-2005, according to federal data."

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