Defaults on mortgages reach record (Winston-Salem Journal)

Story date: 2008-01-01 12:12:46
Added on: 2008-01-01 12:00:11

WASHINGTON Mortgage insurers saw defaults rise to a new monthly record in November, according to data published yesterday by an industry trade group. Defaults, defined as loans 60 or more days late, rose in November to more than 61,000 industrywide - up 35 percent from the same month a year earlier - the Mortgage Insurance Cos. of America said. It was the highest monthly number since May 1999, ...


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