Thursday, April 12, 2012

Lenders Say Fracking Presents a Mortgage Risk

Wyoming: Upper Green River Valley/CC BY 1.0When Rolling Stone wrote about the big fracking bubble, they drew comparisons to the false accounting practices that drove the recent financial crisis. But the links to financial trouble may be as real as they are metaphorical, as the State Employees Credit Union, one of North Carolina's major mortgage lenders, has just announced that fracking can represent a very real mortgage risk:The

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