UPDATE 1-One in 8 US households late paying or in foreclosure | WHAT REALLY HAPPENED


UPDATE 1-One in 8 US households late paying or in foreclosure

Reuters Thu Mar 5, 2009 Lynn Adler

A record 11.18 percent of loans on one-to-four unit residences were at least one payment past due or in the foreclosure process in 2008.

"In a recession like this, housing is never just about housing," said Jed Kolko [...]

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