Relevant:
- HUD Institutes Foreclosure Moratorium for Rhode Island Storm Victims
- Rhode Island considers radical moves as pensions put state on brink
- Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster
- Rhode Island Property Preservationist Gets 8 Years In Prison
- Rhode Island Struggles With Enormous Pension Problem: 'The Titanic Is Going Down'
2011-03-03 — totalmortgage.com
"“The severe undersupply of affordable homes in the Ocean State made Rhode Island susceptible to the current foreclosure crisis. Increased home prices, coupled with a decreased supply of affordable homes, reduced family incomes and increased lending, resulted in increasingly risky behavior on the part of mortgage lenders and borrowers, particularly in the subprime market."
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