Hippienewsnetwork.com

00:08:24

Study Predicts Rising Foreclosure Rate on High-Interest Loans

By Kirstin Downey
Washington Post Staff Writer
Wednesday, December 20, 2006; Page D02

About 2.2 million homeowners with high-interest mortgages have lost their homes to foreclosure or could do so within the next several years, according to a report from a nonprofit group that opposes predatory lending.

The Washington region is likely to be especially hard hit, according to the report released yesterday by the Center for Responsible Lending in Durham, N.C. That’s because as prices here soared in recent years, many people took out high-cost loans, also called subprime loans.

Neighborhoods with many black and Hispanic homeowners and new developments with many first-time buyers will be most affected, said Keith Ernst, senior policy counsel at the center. Those groups were most likely to pay high interest rates because of weak credit and minimal down payments……… full article WashingtonPost

00:03:12

Same ole same ole from Fox’s number one pervert, Bill “Loofah” O’Reilly. O’Reilly will be treated with respect on this site just as soon as he stops smearing true patriots on his cable show. Anyways, this clip from last nights show is typical “spin factor” M.O. I give it 3 rat tails “~~~”.

911blogger

00:03:01