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New subprime loans made in 2006 totaled about $605 billion, or about 20% of the total mortgage market, up from $120 billion, or 5% in 2001, according to Inside Mortgage Finance, an industry newsletter. If this is the case please contact us. Try the above comparisons on a $500,000 home and you'll really see that there really is no comparison, since the rent on that kind of house would not exceed $2200, yet the mortgage would sky-rocket to $3,500 or higher.
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