The House of Cards

Remember all those sub-prime mortgages that blew up in 2007 and popped the housing bubble? The widely-held consensus is that millions of them were foreclosed as housing markets cratered. Since then, the remaining ones have been quietly disappearing as markets recovered.

Here is the problem: That is just a fairy tale. The truth is these mortgages are still dangerous and could soon undermine the housing recovery.

Source: The Burning Platform

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