Mortgage Delinquency Rates Continue Climbing In 3Q09; Biggest Gains in Most Severe Cases
November 24, 2009
Mortgage delinquency rates continued to worsen during the third quarter as the sputtering U.S. economy failed to create enough new jobs and a severe housing slump affected much of the country. Overall, 12.34 percent of home mortgages were in some state of default, including those in foreclosure and the rising number of loans in the limbo of trial... [Includes two charts and one graph]