Wednesday, September 19, 2007

Shocking Story, FU FL CA

http://www.pbs.org/nbr/blog/2007/09/fannie_freddie_florida_and_cal.html

"85% of the loans in the mortgage backed securities market now come from two states -- Florida and California. Those are also two states with the largest number of jumbo loans. And they are two states with a rising number of foreclosures."

Shocking!

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