Nationwide, about 4 million homeowners are 90 days or more delinquent on their mortgages or in foreclosure proceedings, according to Moody’s Economy.com
Celia Chen, a housing economist at Economy.com. said: “trial modifications and other delays have kept many of those mortgages out of foreclosure, but by the end of this year, 2.4 million borrowers are expected to lose their homes.” Read the full post.
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