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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject	9/12/2002 8:40:47 PM
From: Mephisto	of 5185

Loan Delinquency Rate Climbs to 8-Year High September 12, 2002 latimes.com E-mail story From Reuters The following is an excerpt: " The delinquency data come as mortgage bankers report that the rate of mortgage foreclosures surged to its highest level in at least 30 years. The Mortgage Bankers Assn. of America reported Monday that 1.23% of mortgages were in foreclosure in the second quarter, the highest level in the 30 years the trade group has tracked the number. In addition, 4.77% of mortgage borrowers were delinquent, in the second quarter, the group said. Analysts attributed the rise in foreclosure rates to climbing unemployment and other factors."

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