Thursday, Apr 15, 2010
US slips into second gear - just as planned!!
Yahoo Finance - Associated Press: Foreclosure rates surge, biggest jump in 5 years
US homes facing foreclosure jumped 16 percent in 1st-quarter as banks take back more homes.
LOS ANGELES (AP) -- A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.
Posted by mr cobblepot @ 01:25 PM (305 views) Add Comment
1 Comment
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1. mark wadsworth said...
*ahem*
"Vendors left ashen-faced as eruption deters home buyers"
*/ahem*