Wednesday, January 10, 2007

Report Reveals 2.2 Million Borrowers Face Foreclosure on Subprime Home Loans

A shocking new report, issued by The Center for Responsible Lending, a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices, has been issued, and the results are ugly.

They estimate that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market. To read the full article, please click here.

If you have a subprime loan and are curious as to how much more you're paying than your neighbor with good credit, please visit us at www.SaveMeFromForeclosure.com and you can learn more about how to improve your credit score.

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