While the number of risky borrowers who missed payments climbed to a four-year high, the number of foreclosures on all homes jumped to its highest level in nearly four decades, according to the survey by the Mortgage Bankers Association. Home buyers who relied on loans insured by the Federal Housing Administration also had record default rates.
To repeat, highest foreclosure rate in nearly four decades.
Yep: that popping sound you hear would be the real estate bubble…
OMG!!!!! the housing crash will kill us. everyone is losing their home!!!!!!! if that does not kill us all surely global warming or tax cuts for the rich will. don’t you people understand we are all going to die!!!!!!!!!!!!!!!!!
yawwwwwnnnnnnnnnnnnnnnnnnnnnnnnn for every displacement their is a fill waiting to begin. things go up, things go down. shut up and live.