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<a href="http://www.accessmylibrary.com/coms2/summary_0286-36569910_ITM" title="Facts and information about CRL Study: Subprime Foreclosures Exceed 1.5 Million Threshold.">CRL Study: Subprime Foreclosures Exceed 1.5 Million Threshold.</a>
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CRL Study: Subprime Foreclosures Exceed 1.5 Million Threshold.
Washington-A consumer group study finds that 1.5 million subprime mortgage borrowers have lost their homes to foreclosures, and another two million are at risk.
The Center for Responsible Lending study also claims that foreclosures are "rapidly spreading beyond subprime mortgages." The Center noted that a recent Credit Suisse study concludes that one in six outstanding mortgages is currently at risk of foreclosure.
According to the Center, loan modifications "continue to fall behind" the rising rate of defaults. ...
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