Mortgage Delinquencies Soar in the U.S
Published: April 8th, 2009
From Reuters
More U.S. consumers are falling behind on their mortgages, an indication that the housing market has yet to hit bottom, a top credit bureau executive told Reuters.
Dann Adams, president of U.S. Information Systems for Equifax Inc, reported that 7 percent of homeowners with mortgages were at least 30 days late on their loans in February, an increase of more than 50 percent from a year earlier.
He also said 39.8 percent of subprime borrowers were at least 30 days behind on their home mortgage loans, up 23.7 percent from last year.
More on this topic
(What's this?)
WSJ: Housing Market Stalls
(Expected Returns, 7/21/10)
Whitney, Ritholtz Issue Bearish Calls on Housing Market
(naked capitalism, 6/28/10)
Rich Defaulting on Mortgages At Highest Rate
(naked capitalism, 7/8/10)
PROPERTY FALLS, MORTGAGES STAY THE SAME
(THE PRAGMATIC CAPITALIST, 7/18/10)
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