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Subprime mortgages may have never exceeded 7% to 8% of all outstanding mortgage obligations by 2007, but by the end of 2008, they were the
Subprime mortgages may have never exceeded 7% to 8% of all outstanding mortgage obligations by 2007, but by the end of 2008, they were the source of more than 65% of bankruptcy filings by homeowners in the United States.
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