David Kirkpatrick

August 20, 2009

More bad housing news

Filed under: Business — Tags: , , , , , — David Kirkpatrick @ 9:26 am

Any economic recovery is still a long ways from Main Street. The worst news from this mortgage report is a third of the new foreclosures were on prime fixed loans.

From the link:

An industry group says a record of more than 13 percent of American homeowners with a mortgage are either behind on their payments or in foreclosure as the recession throws more people out of work.

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