The New York Times – Mortgage Defaults Reach a New High

March 6, 2008

 The New York Times – Mortgage Defaults Reach a New High

Defaults on home mortgages touched another all-time high at the end of the last year as foreclosures surged on adjustable-rate mortgages, an industry group reported on Thursday.”

Read more … http://www.nytimes.com/2008/03/06/business/06cnd-mortgage.html?ref=business

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