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Subprime, Alt-A Delinquencies Piling Up 

Dec 23, 2008By

Think of those highway pileups, where one car stops and 50 more cars behind it run into each other — that’s pretty much what appears to be taking place in the nation’s mortgage market, thanks to a growing trend towards foreclosure moratoria that have slowed foreclosure roll rates. New data released Friday morning by Clayton Holdings, Inc. highlights just how much of a pileup is really taking place across both Alt-A and subprime loan products.

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