Mortgage bankers report hits grim a benchmark in first quarter, showing a record number of homes in jeopardy.

This marks the sixth straight quarter in which a record percentage of loans went into foreclosure.

The trend has led to a widespread decline in home prices, as well as huge losses for banks and other financial firms that issued or invested in the loans.

 

Submitted: Jun 5, 2008    Views: 122    Comments: 0    Likes: 2   


View Article: http://money.cnn.com/2008/06/05/news/economy/foreclosure/index.htm


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