REAL Trends Updates
#1170
item 3 of 5
item 3 of 5
January 19, 2010
10% of wealthier homeowners are delinquent on their mortgages
The percentage of wealthier homeowners who are delinquent two months or more on prime, jumbo mortgages tripled in 2009 to nearly ten percent, according to the latest data from Fitch Ratings. The report is yet another sign that the housing crisis and the negative equity it's caused is climbing to some of the wealthiest neighborhoods in America. Should the trend continue, foreclosure yard sales... This content only available to REAL Trends Members. Please log in below.|
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