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Foreclosure

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Primed for Trouble: Pace of Mortgage Distress Shifts to Prime Borrowers 

Jun 05, 2008By

While foreclosure activity hit an all-time record in the first quarter, according to statistics released Thursday morning by the Mortgage Bankers Association, a shift of the mortgage mess towards prime borrowers appears to be taking place as well — signaling that the credit crunch that began among those with less-than-perfect credit may now be marching onward towards borrowers usually deemed better credit risks.

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