OMFG!!!!

Matthew Padilla on his Mortgage Insider Blog, has this little gem:

Location

% of Interest Only Loans in in 1st 3 Months of 2007

Orange County, CA

58.6%

San Francisco, CA

66.6%

Ventura, CA

59.2%

San Diego, Ca

59.2%

Washington, DC

52.8%

Ouch.


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