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  • The numbers are shocking because they show that those mortgages are in far, far, better shape than I had expected. - Only 8.7% of subprime mortgages, nationwide, are in foreclosure; that number is higher in some states, particularly California and Florida, but, judging by the overheated news media coverage of foreclosures, I would have guessed the national average was around 50%. - Those foreclosures
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