So far homeowners seem to be keeping their heads above foreclosure in
spite of fears that mortgage delinquencies and
foreclosures might begin to mount as short-term rates
rise. Add to that the possibility that some of the more exotic home loan
products like optional payment and interest only mortgages might come home
to roost and there has been cause for concern.
American homeowners, however, appear to be holding their own.
The Mortgage Bankers Association released its National Delinquency
Survey for the first quarter of 2006 on last week and ...
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