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'Mortgage woes increase in Louisiana'

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Mortgage woes increase in Louisiana

03/07/09 09:01

Records show that at one in ten homeowners in Louisiana have fallen behind in their mortgage payments by at least 30 days. Of this, one in three have overdue subprime adjustable rates. The Mortgage Bankers Association cited Louisiana as one of the main reasons for the deepening financial crisis. Forbes.com tells us more about this news.

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20090307-09019-Mortgage-woes-increase-in-Louisiana mortgage payment woes 'Mortgage woes increase in Louisiana'