blinc
November 24th, 2008, 04:55 AM
Foreclosures, delinquencies skyrocketing among 'prime' borrowers (Los Angeles Times)
Nationwide, 3.07% of prime mortgages were in foreclosure or at least 60 days late in the second quarter of this year, easily topping the previous record of 1.97% set in 1985. By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, ...
More... (http://us.rd.yahoo.com/dailynews/rss/search/parachute/SIG=12lrg65bh/*http%3A//www.latimes.com/business/la-fi-prime24-2008nov24,0,6174050.story?track=rss)
by Yahoo Parachute News
Nationwide, 3.07% of prime mortgages were in foreclosure or at least 60 days late in the second quarter of this year, easily topping the previous record of 1.97% set in 1985. By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, ...
More... (http://us.rd.yahoo.com/dailynews/rss/search/parachute/SIG=12lrg65bh/*http%3A//www.latimes.com/business/la-fi-prime24-2008nov24,0,6174050.story?track=rss)
by Yahoo Parachute News