Wednesday, May 19, 2010
Keep those corporate bailouts coming while the rest of the nation looks for a cardboard box to live in...
Mortgage delinquencies, foreclosures break records
Mortgage delinquencies and foreclosures break records as foreclosure crisis fails to abate
WASHINGTON (AP) -- The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.
More than 10 percent of homeowners had missed at least one mortgage payment in the January-March period, the Mortgage Bankers Association said Wednesday. That number was up from 9.5 percent in the fourth quarter of last year and 9.1 percent a year earlier.