As Foreclosures Rise, Investors Pull Back
From the New York Times:
WASHINGTON — Defaults on home mortgages touched another historic high late last year as foreclosures on adjustable-rate mortgages surged, an industry group reported on Thursday.
The Mortgage Bankers Association reported Thursday that loans past due or in foreclosure jumped to 7.9 percent of the total in the fourth quarter, from 7.3 percent […]
