Recent statistics regarding mortgages have brought the reality of the mortgage market front and center.
According to the National Delinquency Report from the Mortgage Bankers Association (MBA) shows that more than 11 percent of all mortgages are either delinquent or in foreclosure.
This is up 1.26 percent from last year. This may seem like a small percentage -- but that number equals 1.5 million homes.
This is even more incentive to quickly enact programs put into motion by the recent Obama Stimulus Plan.
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Published: March 10, 2009
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