Wednesday, September 26, 2007

Current Foreclosure Crisis Deemed the Worst in U.S. History

According to the most recent foreclosure numbers released by the Mortgage Bankers Association (MBA), the U.S. is embroiled in the worst foreclosure crisis in recorded history. More than 14 percent of subprime borrowers are defaulting, and prime borrowers are beginning to follow suit.

read more | digg story

No comments: