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1 in 8 U.S. homeowners late paying or in foreclosure (Reuters via Yahoo! News)


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.

This entry was posted on Sunday, June 7th, 2009, 12:43 pm and is filed under Foreclosure News. You can follow any responses to this entry through RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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