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Avalanche of Leveraged Loan Supply

10 hours ago ago from Economy News, Continent Economy

The Liquidity crunch took another step forward today as California Home-Loan Defaults Rise to a Decade High . California mortgage defaults rose to the highest level in a decade in the second quarter as falling home sales and higher interest rates battered the housing market. Homeowners received 53,943 default notices, more than double the 20,909 filed a year ago, DataQuick Information Systems, a La Jolla, California-based provider of real ...

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