Despite problems, area governments are silent on risky home loan issue

Published March 9, 2007 5:00am ET



Despite having three times as many subprime mortgages as the national average, and a foreclosure rate among the highest in the country, Virginia, Maryland and the District have few protections against predatory lending.

About 11 percent of all mortgages in the national capital region are given to people with poor credit, compared with about 3 percent nationally. In Prince George’s County, 26 percent of mortgages are subprime.

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