Tuesday, November 26, 2013

More Mortgage Defaults Ahead?

http://www.dsnews.com/articles/national-mortgage-default-rates-fall-in-march-2013-04-16
Are we about it get hit with a new wave of mortgage defaults?  More and more people are falling behind on their Home Equity Line payments.  And as many Home Equity Lines prepare to hit their 10 year mark over the next four years, the mark where the principal payments typically kick in, missed payments can double:

A New Wave of Mortgage Trouble?

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