Mortgage Bankers Association said mortgages with payments more than 30 days late, including Prime and Fixed-rate loans, rose to seasonally adjusted 5.59. Remember these are prime and fixed-rate. The "freeze" plan is not going to help here.
In addition, 20% of adjustable-rate subprime loans were delinquent. In addition to that, 10% are already in foreclosure.
No comments:
Post a Comment