HOME LOANS
The number of borrowers whose mortgage payments jump in the next three months will be the second-highest ever for a quarter, according to Credit Suisse Group, Switzerland’s second-biggest bank. Twenty-seven percent already have missed a payment, said First American LoanPerformance, which owns the largest database of U.S. mortgages. That makes them ineligible for the Federal Housing Administration bailout proposed last month by President George W. Bush.
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You’re currently reading “ HOME LOANS ,” an entry on USA MORTGAGE LOANS
- Published:
- 10.1.07 / 3pm
- Category:
- Second Mortgage
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