Subprime nation
The Wall Street Journal has a story today on subprime lending that says "risky mortgages were made in nearly every corner of the nation, from small towns in the middle of nowhere to inner cities to affluent suburbs":
High-rate mortgages accounted for 29% of the total number of home loans originated last year, up from 16% in 2004.
They were 32 percent of all loans in Maryland last year.
The paper's website has interactive maps here.
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