foreclosureTwelve percent of homeowners with a mortgage were behind on their payments in the first quarter of 2009, reaching a new record, according to the Mortgage Bankers Association. Further, the rise is expected to continue until the end of 2010.

A record 12 percent of homeowners are behind on their mortgage payments.

While many of those in financial trouble have risky adjustable rate loans Read the rest of this entry »

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