1 in 7 Mortgage Loans in U.S. 30 Days Past Due

[Parsad]

About 14.4% of all U.S. home loans are now in foreclosure or 30 days past due on their payment.  The Mortgage Banker's Association expects foreclosures to keep rising into 2010.  Cheers!

 

http://www.latimes.com/business/la-fi-mortgage-defaults20-2009nov20,0,1052221.story

[Zorrofan]

Given that unemployment is expected to continue rising until the end of 2010 this is no real surprise. I believe we are no where near the end of this yet.....

 

cheers

Zorro