Sunday, August 23, 2009

Here's some news to depress you...

Delinquencies Continue to Climb, Foreclosures Flat in Latest MBA National Delinquency Survey

Foreclosures on prime loans are up. It's not just subprime loans now. People are losing their jobs due to the economy (or if they find new ones, they are finding jobs that pay less) and are losing their homes as a result. Vicious circle.

Cui bene? Who benefits? Follow the money...

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