A report from the Woodstock Institute, Chicago, identifies a "strong relationship between skyrocketing foreclosures and and increased levels of high-cost, subprime mortgage lending."According to the report, for every 100 additional subprime loans on owner-occupied properties made in a typical neighborhood from 1996 to 2001, there were an additional nine foreclosure starts in the community in the year 2002. Subprime home-improvement loans had the largest impact on foreclosures on a per-loan basis, according to the Institute. The Woodstock Institute can be found on the Internet at www.woodstockinst.org.
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