Experts say the state at risk since the defaults lift the mortgage.
Mortgage schlampige fraud and underwriting standards have left, South Carolina vulnerable to default for the mortgage, economists and industry experts said Thursday.Add a slumping housing market and the relatively high level of unemployment and more homeowners who are stretched financially.
South Carolina 12 ranking in the nation, because most of the past due loans after a national survey of the Mortgage Bankers Association.
In addition, the State has the ninth and 10th Number first and the rate Subprime, respectively. Subprime loans from the rule of higher interest rates and, generally, are the only option for borrowers credit unclean.
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