Foreclosures Will Keep Rising Through 2010, Report Says [The Obama Economy In Full Throttle]
Foreclosures Will Keep Rising Through 2010, Report Says Mortgage Bankers Assn. says delinquencies and home repossessions have hit a new high. Blaming job losses for most of the pain, it sees a continued surge in foreclosures through all of next year. Number of people seeking mortgages to buy homes drops again 30-year fixed-rate mortgages dip below 5% again E. Scott Reckard November 20, 2009 Home foreclosures are likely to keep climbing through all of next year despite stabilizing housing prices in some areas, a major lender group said Thursday as it reported that the level of delinquencies and repossessed homes...
Original Article: Forum: News/Activism
Tags: 30 Year Fixed Rate Mortgages, Delinquencies, E Scott, Economy, Fixed Rate Mortgages, Full Throttle, Home Foreclosures, Home Repossessions, Job Losses, Mortgage Bankers, Year Fixed Rate Mortgages