Unemployment and Prime Home Loans Add to Foreclosure Crisis – Charlotte NC Foreclosure Expert

Posted by Leigh Brown on Dec 2, 2009 in Real Estate News | 1 comment

Last year, risky sub-prime loans were fueling the housing crisis.  A recent quarterly survey of 44.6 million loans from the Mortgage Bankers Association (MBA) showed a rise in the proportion of prime home loans, mainly due to unemployment, is adding to the problem. MBA’s 3rd quarter report stated that 14% of homeowners...