U.S. foreclosures hit another record high

The percentage of mortgages that were in foreclosure hit a record high in the fourth quarter, while mortgage delinquencies rose to a 23-year high, the Mortgage Bankers Association said Thursday.

//tinyurl.com/38hmcp


From Information Clearing House

--------

Foreclosures Set Records as Housing Troubles Worsen

Kevin G. Hall reports for McClatchy Newspapers, "More than one of every 20 home mortgages was delinquent during the last three months of 2007, the highest level in 23 years, according to a report Thursday by the Mortgage Bankers Association."

//www.truthout.org/docs_2006/030708M.shtml



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