Nearly Half of Mortgages Interest-Only

Buried in a New York Times story on the looming home mortgage crisis:

In most California cities, as well as in Denver, Washington, Phoenix and Seattle, interest-only loans represented 40 percent or more of all mortgages issued in 2005.

Looks like Colorado won’t move from the top of the list for foreclosures for a long while.

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About the Author

Nancy Watzman

is a Denver-based writer.

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