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Florida has highest rate of subprime loan defaults: Tampa Bay ranked 11th worst
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May 13, 2008
The Sunshine State ended 2007 with the worst subprime mortgage default rate in the nation, according to the Federal Reserve Bank. In all, 13 percent of Florida's 324,581 subprime loans active in 2007 defaulted -- well above the 8.5 percent national average default rate on 3.3 million subprime loans ...
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