Here’s in interesting chart from the NYT showing the impact subprime mortgages have had on foreclosure rates. In the mid-west where Mike and I buy properties, there have been lots of foreclosures, but their connection to subprime mortgages is less than clear. In fact, some of our best foreclosure deals were made before the subprime mess erupted. The NYT’s article is worth a quick read. And you can click here for a bigger view of the graph.