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Santa Barbara News-Press : Interest-only and negative amortization loans totaled 60 percent of all new mortgages in California last year, compared with just 2 percent in 2002, according to the California Economic Forecast.

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Interest-only and negative amortization loans totaled 60 percent of all new mortgages in California last year, compared with just 2 percent in 2002, according to the California Economic Forecast.


October 2, 2005 2:00 AM

Interest-only and negative amortization loans totaled 60 percent of all new mortgages in California last year,



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