Why foreclosures matter: The numbers are huge
State
1/x Households
in Foreclosure
# of Households
foreclosing
Bush 04
margin
[...]
Tag: Colorado
Mortgage lender collapses; real estate prices continue to fall
The big news today in housing is this, from Bloomberg:
American Home Mortgage Investment Corp. shares plunged 89 percent after the lender said it doesn’t have cash to fund new loans and may have to sell off assets. …
American Home caters to borrowers whose credit scores fall just short of standards for top-rated mortgages. The [...]
