Subprime Borrowers Fall Behind on Mortgage Payments

If you live in a Rust Belt state, get ready for more bad economic news. On top of disappearing manufacturing jobs, home ownership is now quickly evaporating. According to the Mortgage Bankers Association, Indiana, Ohio and Michigan accounted for nearly one of every five U.S. homes in foreclosure during the first three months of 2007. Ohio had the highest level of properties in foreclosure for a large state since the Washington-based trade group started its quarterly National Delinquency...Full Story
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