Webmaster Forum

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


Reply
 
Thread Tools Display Modes
Share |
  #1  
Old 08-27-2010, 08:36 AM
Franc Tireur Franc Tireur is offline
Contributing Member
 
Join Date: 08-15-06
Posts: 10,109
iTrader: 11 / 100%
Housing's new nightmare

Quote:
n another ominous sign for the economy, the number of people falling behind on their mortgages for the first time is on the rise.

This grim statistic is only the latest bad news for the reeling economy. Home sales are in free fall, initial jobless claims remain high and the gross domestic product slowed to a near halt in the second quarter, government reports issued this week showed.

The increase in short-term delinquencies is leaving some experts wondering whether a new round of foreclosures is on the horizon, even as the current wave begins to ebb.

Some 3.51% of borrowers were 30 days late in their loan payments in the second quarter, up from 3.31% at the end of last year, according to new data from the Mortgage Bankers Association. The shift is a stark reversal from the steady decline in short-term delinquencies during 2009.

The blame lies in the sputtering labor market, experts say. More people are losing their jobs, as evidenced in the steady rise in initial unemployment claims, and this is prompting them to default on their mortgages.
http://money.cnn.com/2010/08/27/news...cies/index.htm
 
Reply With Quote

Advertisement

Advertisement

Go Back   Webmaster Forum > The Webmaster Forums > Forum Lobby > Controversial Social Issues

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
nightmare bestynuan Forum Lobby 14 07-27-2010 01:42 AM
The nightmare employee Franc Tireur Controversial Social Issues 4 10-12-2009 06:58 AM
Affiliate Nightmare... Henny Marketing Forum 25 08-23-2006 03:47 PM
Popup Nightmare jesterx Coding Forum 3 05-21-2006 10:09 AM
CSS Nightmare! blelisa Coding Forum 3 02-23-2004 01:21 PM


V7N Network
Get exposure! V7N I Love Photography V7N SEO Blog V7N Directory


All times are GMT -7. The time now is 11:12 AM.
Powered by vBulletin
Copyright 2000-2014 Jelsoft Enterprises Limited.
Copyright © 2003 - 2018 VIX-WomensForum LLC