Summary
While the financial crisis in Europe is indirectly bringing down U.S. mortgage rates, enabling eligible homeowners to save some money by refinancing, bad news continues on the housing front. The latest foreclosure statistics are sobering.
More than 10 percent of all homeowners with a mortgage missed at least one payment from January through March, according to the Mortgage Bankers Association. Out of that group, 80 percent either are in foreclosure or are at least three months behind in payments, putting them in danger of foreclosure.See the full content of this document
Extract
Traditional Borrowers Caught, Too
It should have surprised no one that the ridiculous practices of the subprime lending world were a train wreck waiting to happe...
See the full content of this document
Sponsored links
