Sunday, August 12, 2007

High-risk mortgages become toxic mess (Lexington Herald-Leader)

When Linda Martin refinanced the mortgages on three different houses nearly three years ago, she thought the lower monthly payments would help her save more money for retirement. Instead, the Lakewood, Colo. skin-care specialist is sinking in financial quicksand amid a widening mortgage morass that's pulling down home prices and threatening to drag the U.S. economy into a recession. "I'm hanging ...

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[Source: Yahoo! News Search Results for mortgages]

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