Monday, April 27, 2009

Delinquencies And Foreclosures Surge In US

Surging unemployment, backlog from recent foreclosure moratoria have contributed to the increased delinquencies and foreclosures in the US.

The delinquencies in loans that were 60+ and 90+ days climbed significantly. According to the stats released by FHFA, 60+ days’ delinquencies surged by...

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