In an article for Minnesota Public Radio (MPR) about the next mortgage mess, Paul Tosto cites Jeff Crump (Housing Studies) as seeing high mortgage foreclosure rates continuing, and showing up next in the suburbs. Crump tells Tosto that "job loss in the recession, continuing home price declines, and 'high percentages of Alt-A and other prime products especially in the suburbs'" is worrisome. "The default rate on these loans [Alt-A and other prime products] is relatively high." Crump was also a guest on the March 24, 2010 edition of MPR's "All Things Considered. The audio of the broadcast is available at the above link.
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