Roger Biduk writes:
Here's some scary stats:
According to The Mortgage Banker's Association, though the second quarter of the year, 9.2% of mortgages (a record) are either in foreclosure or behind in their payments.
That's up from 6.5% from last year and 8.8% last quarter.
Plus, delinquencies were at 21% when it came to sub prime adjustable-rate loans in the second quarter....uh-oh...
Visit my website at rogerbiduk.ca
Drop me a line at rogerbiduk@rogerbiduk.ca
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