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发帖数: 8363 | 1 (zz from NYTimes - Eric De Groot)
During the great housing boom, homeowners nationwide borrowed a trillion
dollars from banks, using the soaring value of their houses as security. Now
the money has been spent and struggling borrowers are unable or unwilling
to pay it back.
The delinquency rate on home equity loans is higher than all other types of
consumer loans, including auto loans, boat loans, personal loans and even
bank cards like Visa and MasterCard, according to the American Bankers
Assoc |
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