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Study forecasts more foreclosures

Here is an article in the Union Leader, by TOM FAHEY which gives the Subprime picture in New Hamshire.

TOM FAHEY State House Bureau Chief

CONCORD - New Hampshire will see foreclosures continue to increase into 2008 as subprime mortgages continue to fail, a study released yesterday said.

Despite the increase, foreclosures will not rise to the level they hit during the early 1990s, and will not drag down New Hampshire banks, according to the study by Brian Gottlob of PolEcon Research in Dover. The New Hampshire Bankers Association asked Gottlob to conduct the study.

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