Tuesday, April 07, 2009

Mortgage delinquencies soar in the U.S. | Special Coverage | Reuters

Mortgage delinquencies soar in the U.S. | Special Coverage | Reuters: "More U.S. consumers are falling behind on their mortgages, an indication that the housing market has yet to hit bottom, a top credit bureau executive told Reuters.

Dann Adams, president of U.S. Information Systems for Equifax Inc, reported that 7 percent of homeowners with mortgages were at least 30 days late on their loans in February, an increase of more than 50 percent from a year earlier."

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