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Report: Sub-prime lending in Vermont

Posted by: VHFA on January 6, 2009 - 11:23am

sub-prime lending in vermont reportThe Champlain Valley Office of Economic Opportunity (CVOEO) Fair Housing Project and VHFA have published a short report titled "Sub-Prime Lending in Vermont."

"Though sub-prime lending in Vermont has not reached the historic highs that have brought many communities across the nation to their knees," the report states, "our small, rural state is experiencing a rise in foreclosures and was not immune to sub-prime lending during the mortgage bubble of the past few years."

The report was written by CVOEO's Bekah Mandell, with research and analysis by VHFA Research Analyst Leslie Black-Plumeau.

Read the full report (104 KB; PDF).

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