Thursday, March 27, 2008

The big surge in home foreclosures is yet to come.

There are 1.5 million loans, representing 40% of the outstanding subprime adjustable mortgages, scheduled to reset this year.

Already, more than one in every 20 home mortgages and one in every five subprime mortgages are delinquent, while foreclosures are at record highs.

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