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» With Subprime Defaults Tied to Home Price Appreciation, California is a Major Concern
With Subprime Defaults Tied to Home Price Appreciation, California is a Major Concern
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After years of double-digit home price growth, home prices for properties backing subprime mortgages barely moved last year, according to Fitch Ratings. This could cause major performance problems for subprime MBS because default rates are highly...