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Subprime loan defaults, on average, fall year-over-year

Default rates among subprime loans rose 56.5% - or 187 of the 331 metropolitan statistical areas in October 2005 from the year-ago period, according to Friedman Billings Ramsey. On average, however, the default rate for subprime loans fell to 6.16% from 6.38%.

FBR is forecasting subprime loan default rates...

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