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.
No comments:
Post a Comment