The subprime mortgage industry is struggling, which means that plenty of opportunities will exist for those looking to invest in PreForeclosures.
In December, the Washington, D.C.-based Mortgage Bankers Association said 12.6 percent of subprime mortgages were 30 or more days delinquent in the quarter ending in September, compared with 4.7 percent of all mortgages. That was an increase from a 10.8 percent delinquency rate for the third quarter of 2005.
To read the entire article, please click here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment