Senin, 12 Juli 2010

Jumbo Mortgage Holders Default on Mortgages "At A Rate Greater Than Rest of the Population"

The NYTimes reports RE analytics firm CoreLogic's findings:
More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic. By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below

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