Thursday, Sep 10, 2009

No Mercy Across the Pond

Bloomberg: U.S. Foreclosure Filings Top 300,000 for Sixth Straight Month

"Foreclosure filings in the U.S. exceeded 300,000 for the sixth straight month as job losses that boosted the unemployment rate to a 26-year high left many homeowners unable to keep up with their mortgage payments. A total of 358,471 properties received a default or auction notice or were seized last month, according to data provider RealtyTrac Inc. That’s up 18 percent from a year earlier". Aren't you glad Mandelson is confident of the UK's future?

Posted by alan @ 10:26 PM (264 views) Add Comment

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