December 6, 2007

Mortgage foreclosures set record as Bush plan unveiled (Reuters)

Foreclosure and for sale signs are seen in Antioch, California November 27, 2007. Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the third quarter, the Mortgage Bankers Association said on Thursday. (Erin Siegal/Reuters)Reuters – U.S. home foreclosures as well as the
rate of homes entering the foreclosure process rose to a record
in the third quarter, as homeowners battled slumping house
prices and spiking loan payments, the Mortgage Bankers
Association said on Thursday.

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