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Posts on ‘October 14th, 2007’

Mortgage (and Journalism) Meltdown

The SF Chronicle banners on its front page, “Neighborhoods Crumble in Wave of Foreclosures“: The combination of plunging values and higher mortgage payments created the perfect breeding ground for foreclosures. Homeowners who could not afford escalating monthly payments also could not refinance if their homes were worth less than the mortgages, and could not sell […]