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SUBPRIME LENDERS IN POL’S ‘HALL OF SHAME’

Army Staff Sgt. Sandra Rolon came back from Iraq and hoped to have the American dream of owning her own home in The Bronx.

Instead, the veteran has become one of an estimated 19,000 New Yorkers swept up in the collapse of the subprime mortgage market.

“I feel suckered,” said Rolon, who’s lost her house.

State Sen. Jeff Klein (D-Bronx-Westchester) yesterday released a “Sub Prime Hall of Shame” report outside the New York Stock Exchange yesterday, naming the banks with the highest foreclosure rates in the city and Westchester County.

“These banks grew rich off of defrauding the American Dream,” said Klein.

The lending institutions that made the list include Fremont Investment and Loan, which has withdrawn from the secondary subprime market, WMC, which is now for sale, New Century, which is bankrupt, and Argent, which has been sold to Citigroup.

According to Klein’s report, the state’s foreclosure rate for 2007 is on track to exceed last year’s by a staggering 60 percent.