Monday, September 21, 2009

Mortgage Delinquencies


The progression is simple: no job -> no money -> payment delinquencies.

I'm surprised to see that the percentage is so low.

Reuters: U.S. mortgage delinquencies set record
Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in July...

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