Friday, July 9, 2010

NYT: Biggest Home Loan Defaulters are the Rich.

Story is HERE
More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic. By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent.
Originally created and posted on the Oregon Housing Blog.

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