Since the measure started being kept in the mid 80's, the number of mortgages that are currently late are over 7% of all existing mortgages. This is the highest number ever recorded. If you back out the home currently in foreclosure, the number is still over 5%. Since the news of this hit the market, the stock market has dumped over 1%.
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Thursday, March 6, 2008
Late Payments on mortgages reach an all time high
Labels:
foreclosure,
home foreclosures,
mortgage lates,
mortgages
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