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Hardworking arrow News arrow Business arrow Business arrow Web lenders woo subprime borrowers despite crisis (Reuters)
Web lenders woo subprime borrowers despite crisis (Reuters)
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An auctioneer reads a public notice before taking bids on a foreclosed home (rear) in Lynn, Massachusetts March 19, 2007. Even after months of nonstop news coverage about the subprime mortgage mess and the steep rise in defaults and foreclosures, pop-up Internet advertisements and banners permeate cyberspace pitching low-monthly-payment loans. (Brian Snyder/Reuters)Reuters - Get a "$200,000 mortgage for $667 a month!" a banner advertisement on a lending Web site proclaims. "Bad credit OK!"



Read more at: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20070423/wr_nm/usa_subprime_advertising_dc.
 
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