November 14, 2007

Consumer housing groups warn subprime mess to be worse (Reuters)

A foreclosed house for sale is pictured in the Green Valley Ranch development in Denver, Colorado July 26, 2007. Leaders of community home ownership groups from across the nation on Wednesday warned at a national meeting that a surge in foreclosures already seen from subprime mortgages was only the tip of the iceberg. (Rick Wilking/Reuters)Reuters – Leaders of community home ownership
groups from across the nation on Wednesday warned at a national
meeting that a surge in foreclosures already seen from subprime
mortgages was only the tip of an iceberg.

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