May 26

‘Safe’ mortgages going bust, too

Foreclosures, Recovery Add comments

WASHINGTON — Aftershocks from the nation’s financial crisis continue rumbling through the housing sector as fixed-rate mortgages held by the safest borrowers accounted for nearly 37 percent of new foreclosures during the first three months of this year, the Mortgage Bankers Association reported Wednesday.

via MiamiHerald.com.

One Response to “‘Safe’ mortgages going bust, too”

  1. The Investors Haven » Remortgages, Mortgages and Secured Loans … (Home loan information) « Home Loans and Mortgages on Bad Credit by Mortgages MAX says:
    May 26, 2010 at 11:01 pm

    [...] WASHINGTON — Aftershocks from the nation’s financial crisis continue rumbling through the housing sector as fixed-rate mortgages held by the safest borrowers accounted for nearly 37 percent of new foreclosures during the first three … Todays mortgage rates [...]

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