Prime Mortgage Foreclosures Now Exceed Subprime Foreclosures

Major media outlets recently started reporting that mortgage lenders feared another wave of defaults, this time among Prime borrowers--those with good credit.And the July, 2008 figures, the latest available, show that there are now more Prime than Subprime Foreclosures: 105,000. There were "only" 97,000 Subprime Foreclosures in July, 2008.These numbers come from Hope Now, the lenders group put