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Mortgage Delinquency Rises Across Regions Amid Recession
The Mortgage Bankers Association reports 5.33 percent of 7.5 million loans past due in the third quarter, about 400000 homeowners at least 30 days late. Midwest lead with 7.78 percent, Illinois 9.14 percent, New England 4.1. Foreclosures ease but higher unemployment fuels continued risk.
MENTIONED IN THIS ARTICLE
Washington
Mortgage Bankers Association
Association
Thomas H. Harter
Midwest
Michigan
Illinois
Indiana
Ohio
Wisconsin
Harter
New England