A record 12 percent of all U.S. mortgages were at least one payment behind or in the foreclosure process during the first three months of this year, a report said Thursday. In a reminder that the nation's economic problems aren't going away anytime ..., more
and MBA: Florida among states leading foreclosure activity - Birmingham Business Journal The rate of foreclosures hit a record high in the first quarter, a fact the Mortgage Bankers Association said is “sobering, but not unexpected.” Foreclosure actions were initiated on 1.37 percent of first mortgages during the first quarter, while ..., more
and UPDATE 1-1 in 8 US homeowners late paying or in foreclosure - Reuters NEW YORK, May 28 (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 ..., more
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