Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: John Madarasz who wrote (739)	5/5/2003 9:18:57 PM
From: John Madarasz	Read Replies (1) of 4912

Expenses on Rise, Homeowner Burdens Get Heavier Mon May 05, 2003 02:33 PM ET In March, the American Bankers Association said fourth-quarter 2002 credit card delinquencies shot to highs not seen since the group began tracking payment behavior 13 years ago. Much of that rise in delinquencies was tied to a sluggish employment market, which has worsened since March. Last week, the U.S. government said the nation's jobless rate rose to 6 percent in April. At the same time, Moody's credit rating agency reported that auto loan delinquencies were on the rise and the MBA reported homes in foreclosure in the final quarter of 2002 zipped to record highs. These signs all point to tough going for home owners. reuters.com

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