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sub prime crisis

Essay specific features

 

Issue:

Business

 

Written by:

Marla D

 

Date added:

January 28, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

14 / 3751

 

Was viewed:

1945 times

 

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Essay content:

subprime mortgages was estimated at $1.3 trillion, with over 7.5 million first-lien subprime mortgages outstanding. Approximately 16% of subprime loans with adjustable rate mortgages (ARM) were 90-days delinquent or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005. By January 2008, the delinquency rate had risen to 21% and by May 2008 it was 25%...
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By January 2008, the delinquency rate had risen to 21% and by May 2008 it was 25%. The U.S. mortgage market is estimated at $12 trillion with approximately 9.2% of loans either delinquent or in foreclosure through August 2008. Subprime ARMs only represent 6.8% of the loans outstanding in the US, yet they represent 43...
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