Friday, August 10, 2012

ECONOMY - Foreclosures in Housing Market

"Increase in New Foreclosures Rate Shows Some Fragility in Housing Market" PBS Newshour 8/10/2012

Excerpt

SUMMARY: 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" about why foreclosure rates remain high, even when the house market shows signs of improvement.

No comments: