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Millions More At-Risk of Default Than Most Think \| The Big Picture by Decius at 7:58 pm EST, Dec 8, 2009
The last Mortgage Bankers Association report estimates that the total number of loans in some sort of delinquency, default, or foreclosure status to be about 8.2 million, or 14.41% of all loans. If the true number of Imminently at-risk loans is somewhere between 13 and 15 million, the default and foreclosure crisis is about 60% over.
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