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Mortgage defaults are now shifting to prime borrowers

Posted Sep 4th 2009 2:00PM by Connie Madon (RSS feed)
Filed under: Industry, Economic Data, Housing, Recession

Are things getting better on the mortgage front? From some of the recent data just published the answer is no.

In July, foreclosure filings, defined as a default notice, bank repossession, or auction sale, were up 7%. and 32% over a year earlier. This is according to Realty Trac's U.S. Foreclosure Market Report. One in every 355 homeowners had received a foreclosure filing.

Continue reading Mortgage defaults are now shifting to prime borrowers

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