THE WORST OF THE WORST
According to an analysis by the federal Office of the Comptroller of the Currency, subprime loans issued around the country by Long Beach Mortgage Co. went into foreclosure at a rate higher than any other lender from 2005 to 2007. High foreclosure rates are a marker for loans that could have been based on fraudulent documentation. Below, a map shows where Long Beach Mortgage ranked in the 10 cities with the highest number of foreclosures during those years. Click a location to get foreclosure rates by lender for each city.
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