Home Foreclosures Dominate California Mortgage Conference
Wednesday, October 14th, 2009Home foreclosure rates are forecasted to climb through late next year, peaking only after the U.S. unemployment rate reaches 10.2% in the 2nd quarter, the Mortgage Bankers said. Home foreclosures remain a real problem for the mortgage and housing industries. “This recession is like a hurricane: You’ve survived the storm and you have a big mess afterwards,” [...]