Sunday, October 4, 2009

Recession Ends but...?

The end of recession is not the same thing as financial recovery!

About 10 percent of all mortgages in this country are scheduled to adjust in the next few years, with the numbers peaking in mid- to late 2011, according to First American CoreLogic. Those loans are worth about $1 trillion, and nearly 20 percent of the borrowers who have them are seriously behind on their monthly payments. This is not good news for a recovery!

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