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The Second Foreclosure Wave Is Rising

publication date: Dec 22, 2009
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The first foreclosure wave consisted of mostly sub-prime loans. That wave subsided about a year ago. The second wave has been rising since and now has made a big surge. The second wave consists of prime mortgages. There are far more of these than there were sub-prime loans. While the same percentage may not get foreclosed on, the numbers could very well by much higher.


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