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Titled, "Losing Ground: Foreclosures in the Subprime Market and Their Cost to Homeowners," the CRL study is the first comprehensive, nationwide review of millions of subprime mortgages originated from 1998 through the third quarter of 2006. CRL has joined a coalition of civil rights, consumer, labor and community development organizations calling on policymakers to rein in risky lending practices in the loosely regulated mortgage market. Research conducted by CRL last year found that low-income households were hardest hit by bank overdraft practices and took the longest to climb back out of debt. |
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