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Subprime Mortgages

KPBS | By KPBS Public Broadcasting
Published March 30, 2007 at 8:30 PM PDT
This story was published more than 18 years ago.

What’s all the fuss over subprime mortgages? On Friday’s Full Focus, we’ll talk about the fallout of rising mortgage defaults that have resulted from the subprime surge. And we’ll do a roundup of

During the housing boom, people with checkered credit were given what's called subprime loans. People paid lower, fixed rates initially, then the rates ballooned to surpass what people could afford to pay. The result is a surge in mortgage defaults and foreclosures. We'll talk with Dean Calbreath who covers business and the economy for the San Diego Union-Tribune about the local impact of the subprime mortgage fallout.

Guest

  • Dean Calbreath , reporter and columnist for the San Diego Union-Tribune.

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