Monday, January 18, 2010

New Data: Record Foreclosures

NEW YORK, Nov 19 (Reuters) - A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best.

U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process also jumped to records from July to September, the Mortgage Bankers Association said on Thursday.

Rising job losses were behind the increasingly bleak portrait of the housing market in a trend that will continue into next year, the group said in data that adds to recent evidence of a still-struggling housing market.
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3 comments:

  1. AnonymousJanuary 18, 2010 at 5:25 PM

    Happy MLK day!!

    He spoke as much about the military industrial complex, crooked government, and the thieves in banking as he did on racism.

    Of course no one would know that because history is always revised, especially history about someone who spoke out against the elite.

    War wongers and liars = heros for Americans

    People who preach Peace and Love = BANG!

    War is a racket that must be protected. Too much profit to let some loudmouth ruin it.

    ReplyDelete
  2. AnonymousJanuary 18, 2010 at 5:27 PM

    Good video on MLK truth - google 'Martin Luther King Revision"

    ReplyDelete
  3. AnonymousJanuary 18, 2010 at 7:36 PM

    Thanks for the newsletter, quite interesting!

    ReplyDelete

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