Many homeowners will default on mortgages and loans
Many homeowners will default on their mortgage payments and consumer loans, especially as house values fall below the mortgage values.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
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US faces severe recession »US faces severe recession
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Sharp decline in consumer spending »Sharp decline in consumer spending
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Many homeowners will default on mortgages and loans
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Many homeowners will default on mortgage and loans »Many homeowners will default on mortgage and loans
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