Horrifying statistics have just been released by the Mortgage Bankers Association, which finds that:
About 13.16 percent of mortgage loans were delinquent or in the foreclosure process during the quarter, according to the group. That is the highest level ever recorded by the survey, which has been conducted since 1972, and breaks a record set last quarter. WaPost
This means that when the Democratic members of the US House of Representatives is up for re-election in fourteen months, many more Ameicans will have lost their homes,including many from the middle class, who never expected to find themselves in this situation.
Tags: Washington | World | Obama | Mortgage | Foreclosure
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