Hot off the wire:
About one in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
Buncha losers. Right, Santelli?
2 comments
Tags: Housing · Economy
| Artie See 3/5/09 4:53 PM | QUOTE (Lancaster Online @ Mar 5 2009, 11:50 AM) <{POST_SNAPBACK}> About one in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday. Which the previous administration in Washington intentionally ignored. This is a perfect example of what too little regulation will allow to happen. |
| johnq 3/5/09 5:43 PM | It will be interesting to see what the percentageof people who own their homes is after this all shakes out. |
