High-Risk Loans Lead to Vacancies

Between 2004 and 2006, more than 40 percent of new and refinanced mortgages in Baltimore and Prince George's County were high-cost loans that left borrowers at great risk of foreclosure. Foreclosure filings have since skyrocketed in both jurisdictions. But, unlike Prince George's County, Baltimore has had a big increase in vacancies, which threatens neighborhood stability.


© 2008 The Washington Post Company