Sunday, August 12, 2012

Foreclosures Rate Increase Shows Fragility

Foreclosures Rate Increase Shows Fragility in Housing Market







Though new reports show that banks are repossessing fewer homes from a year ago, mortgage defaults are on the rise. Jeffrey Brown talks to Guy Cecala of Inside Mortgage Finance Publications about why foreclosure rates remain high, even when the house market shows signs of improvement.

Video Rating: 3 / 5


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