16 March 2007

NPR : Subprime Loans: One Woman's Story

NPR : Subprime Loans: One Woman's Story

Economy
Subprime Loans: One Woman's Story

Listen to this story... by Renee Montagne

Morning Edition, March 16, 2007 · Jennie Halliburton, a 77-year-old widow from Philadelphia, answered an ad offering to "consolidate her debt." She soon found herself with a "subprime loan" that she can't afford and may cost her the home she refinanced. Her lawyer, Allan White, says Halliburton should never have been granted the loan.

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