Mortgage fallout hits New York City

Subprime woes spreading to broader market

The mortgage industry meltdown of 2007 is the new real estate bubble of 2005.

While delinquencies and foreclosures have largely affected credit-strapped borrowers in the subprime market, the contagion is spreading, including to parts of New York. This month, The Real Deal looks at the fallout with a series of stories.

Subprime slowdown spares Manhattan — for now

Foreclosure fears mount in city

Foreclosure notices hard to locate

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By the numbers: Woes in the mortgage industry

Ken Harney – Creative ways to prevent foreclosure

Ken Harney – Inflated appraisals feed mortgage meltdown

Ken Harney – Subprime fallout focuses on escrow accounts

Tough decisions for NYC mortgage companies

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