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Home » Store » Taxable » Recession Could Push Borrowers Off the Edge

Recession Could Push Borrowers Off the Edge

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Is the current recession likely to push more homeowners to the edge – and create new opportunities for subprime lenders? The answer probably depends on how long the economic slowdown lasts. On that critical question, however, the jury is out. "Nobody has a really good idea of how deep this recession will be," said Mike Schenk, vice president of economics and statistics for the Credit Union National Association, at a recent forum hosted by Consumer
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