Foreclosures Hit Record Highs
The new foreclosure ratings are out today. Close to 1% of all mortgages in January to March ended in foreclosure. This 1% comes out to be roughly 447,000 loans. For the full article check out Yahoo News.
Foreclosures Hitting Record Highs
According to a recent article on CNN, home foreclosures have hit record highs. The MBA (mortgage bankers association) reported that 0.78 of all mortgages entered into forclosure in the 3 months ending on Sept 30th, 2007. It is obvious that the sub-prime market fallout is still wreaking havoc on home buyers.
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