The aftershocks of the sub-prime mortgage crisis are being felt across the country. But how many epicenters can one meltdown have?
* ". . .Stockton may be the epicenter of the earthquake, with the highest foreclosure rate in the United States. . ."
--International Herald Tribune, Aug. 14
* "In California, Perris is at the epicenter of mortgage problems. From November to January, 177 homes in Perris' central ZIP Code have received notices of default, the first step toward foreclosure."
--Los Angeles Times, March 16
* "Las Vegas . . . is the new epicenter of the sub-prime loan crisis, with more than 40% of all homes and condos on the market for sale vacant."
--Webwire, Aug. 27
* "Florida is at epicenter of U.S. housing bust."
--FT.com, Aug. 9
* "While tonight's congressional hearing on predatory lending unfolds in downtown Minneapolis, the epicenter of foreclosures and loan scams is just a few miles away, on the North Side."
--Minneapolis Star Tribune, Aug. 9
* " 'You are in the epicenter of the sub-prime-induced bubble.' "
--Wharton professor Susan Wachter
in the Sarasota (Fla.)Herald-Tribune,
* "The witnesses we have here today are at the epicenter of the sub-prime storm."
--Sen. Charles E. Schumer (D-N.Y.),
referring to Cleveland at a Senate hearing, July 25
* ". . . Southeast Queens is the epicenter of the sub-prime mortgage foreclosure crisis. . . . "
--New York Beacon, July 12
* " 'Welcome to the epicenter of the mortgage meltdown in America.' "
--Cuyahoga County Treasurer Jim Ro-
kakis in the Cleveland Plain Dealer, July 4
* "Florida has been an epicenter of speculation-driven real estate purchases in the past few years."
--St. Petersburg Times, May 18