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Subprime Lending

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Foreclosure Activity Resumes Climb in California: Report 

Jan 14, 2009By

We’ve written for months now that extending foreclosure timelines — either via the use of legislation to lengthen notice periods, or through more direct moratoria efforts — will accomplish little more than delaying defaults, while simultaneously driving up costs and stretching servicers to a whole new level of thin. Proving that point yet again is ForeclosureRadar’s latest report on California foreclosure activity during December, released late Tuesday evening.

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