One of every 11 mortgage holders in America faces major loan problems

Submitted by a b

July 17th, 2008

Posted in

An Economy for All

During the first quarter of 2008, nearly 9 percent of all mortgage holders were delinquent or in foreclosure, the highest rate since record keeping began in 1979

Source

Bajaj, Vikas and Grynbaum, Michael M. About 1 in 11 Mortgageholders Face Loan Problems. New York Times. [Online] June 6, 2008. [Cited: July 17, 2008.] http://www.nytimes.com/2008/06/06/business/06mortgage.html?_r=4&hp&oref=slogin&oref=slogin&oref=slogin&oref=slogin