Thursday, May 28, 2009

About 12 percent of U.S. homeowners late paying or foreclosed | Reuters

About 12 percent of U.S. homeowners late paying or foreclosed | Reuters: "NEW YORK (Reuters) - One of eight U.S. households with a mortgage ended the first quarter late on loan payments or in the foreclosure process in a crisis that will persist for at least another year until unemployment peaks, the Mortgage Bankers Association said on Thursday."
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Unemployment is at a 25 year high and rising.

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