President Barack Obama Message Board

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Politics : President Barack Obama

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To: koan who wrote (75401)	5/20/2010 3:13:12 PM
From: stockman_scott	Read Replies (1) of 149317

One in 7 US homeowners paying late or in foreclosure reuters.com <<...NEW YORK, May 19 (Reuters) - One in every seven U.S. households with a mortgage ended the first quarter behind on payments or in foreclosure, although a peak in unemployment could mean repayment stress is easing, the Mortgage Bankers Association said on Wednesday. While the rate of new foreclosure actions has slowed, the stockpile of loans that are seriously delinquent or in foreclosure means a long path to recovery for the U.S. housing market. "It's like shutting off the oil leak, but you still have a lot of oil in the Gulf to deal with," Jay Brinkmann, the MBA's chief economist, said in an interview...>>

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