Nearly all loans backstopped

(Source: National Post)

The market share of subprime U.S. home mortgages, which caused the collapse of the housing market at the epicentre of the financial crisis, has returned to pre-crisis levels, a central bank report showed yesterday.

Read Agence France-Presse’s full article “Subprime mortgage level returns to pre-crisis state” in the National Post (October 27, 2009).

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