Foreclosures Hit New Record
September 6, 2007
Foreclosures Hit New RecordWASHINGTON - The number of homeowners receiving foreclosure notices hit a record high in the spring, driven by problems with subprime mortgages.
The Mortgage Bankers Association reported Thursday that mortgage-holders starting the foreclosure process in the April-June quarter reached 0.65 percent, marking the third consecutive quarter that this figure has set an all-time high.
Labels: foreclosures, mortgage bankers association
posted by Patrick @ PermaLink 10:21 AM
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