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To: yard_man who wrote (157372)3/27/2002 1:36:16 PM
From: Real Man  Respond to of 436258
 
Naturally... At the highs...



To: yard_man who wrote (157372)3/27/2002 2:19:15 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 436258
 
Failing Mortgages Soar in New York (do you still dislove FNM ?)

By SARAH KERSHAW

The number of low- and moderate-income families in the New York metropolitan region who are seriously behind on their mortgage payments is soaring, according to new federal and city data and housing experts, who say they have seen a surge in mortgage troubles since Sept. 11.

Among homeowners holding federally insured loans in a popular mortgage program intended to help low- and moderate-income people and minorities buy their first homes, the percentage of families who bought during the housing and economic booms of the 1990's but are now in default on their loans has skyrocketed, according to data from the Department of Housing and Urban Development.

nytimes.com