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To: MythMan who wrote (346889)	10/31/2007 9:51:24 AM
From: ldo79	Respond to of 436258

patience! Defaults on Insured Home Mortgages Rise 22 Percent By Josh P. Hamilton and Erik Holm Oct. 31 (Bloomberg) -- U.S. homeowners defaulted last month on 22 percent more privately insured mortgages than a year earlier after house prices fell the most in at least six years, an industry report today showed. The number of insured borrowers more than 60 days late on their payments climbed to 54,699 in September from 44,791 a year earlier, according to monthly data from the Washington-based Mortgage Insurance Companies of America. The defaults represented a 4.9 percent increase from a revised August number, while 2.9 percent fewer loans returned to good standing. tinyurl.com