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Study Shows Over Half Of Nation's Subprime Mortgages Came From CA Banks

5/7/2009 1:09:55 PM
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RICHMOND, CA - MAY 07:  An lender foreclosure auction sign is posted in front of a foreclosed home May 7, 2009 in Richmond, California. A study of government data on subprime loans by the Center for Public Integrity showed that 56 percent of the $1.38 trillion in subprime mortgages originated from 15 lenders in California between 2005 and 2007.  (Photo by Justin Sullivan/Getty Images)
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RICHMOND, CA - MAY 07: An lender foreclosure auction sign is posted in front of a foreclosed home May 7, 2009 in Richmond, California. A study of government data on subprime loans by the Center for Public Integrity showed that 56 percent of the $1.38 trillion in subprime mortgages originated from 15 lenders in California between 2005 and 2007. (Photo by Justin Sullivan/Getty Images)

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