Information on Recent Default and Foreclosure Trends for Home Mortgages and Associated Economic and Market Developments
Description:
Correspondence issued by the Government Accountability Office with an abstract that begins "Substantial growth in the mortgage market in recent years has helped many Americans become homeowners. However, as of the latest quarterly data available, June 2007, more than 1 million mortgages were in default or foreclosure, an increase of 50 percent compared with June 2005. Defaults and foreclosures on home mortgages can impose significant costs on borrowers, lenders, mortgage investors, and neighbor…
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Date:
October 16, 2007
Creator:
United States. Government Accountability Office.
Item Type:
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Partner:
UNT Libraries Government Documents Department