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 Thanks to the statists: One million foreclosures thus far in 2009

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Thanks to the statists: One million foreclosures thus far in 2009 Vide
PostSubject: Thanks to the statists: One million foreclosures thus far in 2009   Thanks to the statists: One million foreclosures thus far in 2009 Icon_minitimeWed Jun 10, 2009 3:17 am
The nation has suffered 1 million foreclosures already this year and, with more than a million to come before year's end, the decline in home prices may be far from over.

The Center for Responsible Lending says the one million homes lost to foreclosure come with more bad news -- 12 percent of all mortgages are now delinquent, the highest level since the Mortgage Bankers Association started the measurement 37 years ago.

"The escalation of foreclosures on all types of loans is alarming," said Michael Calhoun, President of CRL.

CRL says there's a new foreclosure every 13 seconds in America.

http://www.examiner.com/x-1303-Real-Estate-News-Examiner~y2009m6d9-One-million-foreclosures-thus-far-in-2009
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Thanks to the statists: One million foreclosures thus far in 2009

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