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IPFS News Link • Housing

Housing Cheerleaders Wrong: 7.2 Million Homeowners Delinquent

Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%, according to the data in the LPS database. When extrapolated for the entire mortgage industry, 7.2m mortgage loans are behind on their payments.

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Comment by GrandPoobah
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Once more spitting into the wind.   In case anyone wants to see a free market solution to this problem.  (as a side affect it may subvert the federal reserve) go here

Expect to spend at least an hour reading this.