According to the latest report from the Mortgage Bankers Association a stunning 12 percent of homeowners with a mortgage are now at least one payment behind. Given the nationwide estimate that 25 percent of homeowners with a mortgage are now underwater this really shouldn't come as a huge surprise - but it is a stunning number in historical terms in any case.
Twelve percent of mortgages now past due – foreclosure is clearly not the problem anymore
May 28, 2009 By
