Posted on Tuesday, January 5, 2010
Delinquencies Will Mount in 2010; already the number of loans defaulting a more than double the number of foreclosures being started, And a third of foreclosure case are still at the presale stage a year later. What does this mean? There’s a ton of housing inventory coming down the pike in 2010. For every loan being worked out, three more are failing, almost 10% in the US.