2007-04-21 — marketwatch.com
Bad, bad bad stuff in here: "Delinquencies on prime and subprime adjustable-rate mortgages in California soared by 78% and 60% respectively, vs. 33% and 24% across the U.S. ... About 46% of the principal from Countrywide's mortgage portfolio is from option ARMs, and many of these loans were probably originated in California."
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