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The Subprime Mortgage Crisis in Stockton

The Subprime Mortgage Crisis in Stockton

© Frederic Neema/ picstock.com.All Rights Reserved

From Gallery: The Subprime Mortgage Crisis in Stockton

Filename: 23-2385

Photographer: Frederic Neema

Location: Stockton/ CA- United States

Caption: A row of houses, a lot of them foreclosed or in the process, in Stockton on March 11, 2008. These houses were part of the building boom in the region a few years ago, most of the time encroaching on agricultural land. Stockton, formally a bucolic Californian farming town, is considered the epicenter of the subprime mortgage crisis in the US. Thousands have been foreclosed and more are expected in the near future.

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