2012-12-17 — baltimoresun.com
Homes with federally insured mortgages -- afforded to mostly lower-income borrowers -- are expected to see a spike in foreclosures because of dicey lending practices, according to a recent study.
More than a dozen ZIP codes in the Baltimore metropolitan area could see foreclosure rates above 15 percent and as high as 43 percent for Federal Housing Administration-backed loans, according to the American Enterprise Institute for Public Policy Research, a conservative think tank.
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