Extract
Nh's Real Estate Blues
As NH's housing market continues to deflate, people are nervously eyeing the subprime market and wondering whether the housing market that kept the economy afloat will now sink it. Subprime loans-those given to would-be home owners with poor credit or other problems-have increased four-fold since 2003, and they made up 13 percent of all mortgages in NH in the beginning of 2007, according to recent statistics from PolEcon research.
As the housing market cools and interest rates have risen, many of those subprime lenders hav...See the full content of this document
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