Home Foreclosures at All-Time High
Home foreclosures have reached an all-time high, as home buyers face increasing difficulty in meeting their monthly payment obligations, the Mortgage Bankers Association reports in its National Delinquency Survey, released today. According to the Association, in the last three months of 2006, home payments that were 30 or more days past due accounted for just under 5 percent of all payments.
- Mortgage Bankers Association Press Release
- AP News article: Late Mortgage Payments Reach High
- Mortgages and Foreclosures (FindLaw)
