http://www.calculatedriskblog.com/2009/11/mba-record-144-percent-of-mortgage.html
From Calculated Risk:
"The MBA reports a record 14.4 percent of mortgage loans were either one payment delinquent or in the foreclosure process in Q3 2009. This is an increase from 13.2% in Q2 2009."
It is hard to see how the recession has ended when residential delinquencies and foreclosures continue to grow and when commercial real estate has just begun its (likely to be) catastrophic collapse...
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