[lbo-talk] foreclosures +72%

Miles Jackson cqmv at pdx.edu
Tue Apr 25 19:10:01 PDT 2006


Doug Henwood wrote:


> Home foreclosures increase 72%
>
> Bloomberg News
> Published April 25, 2006
>
> IRVINE, Calif. -- Mortgages entering foreclosure jumped 72 percent
> during the first quarter from a year earlier, as higher interest rates
> increased monthly payments and strained the budgets of homeowners with
> adjustable-rate loans.
>

Uh-oh, somebody tell Jordan--Speed racer hit an oil slick! (Note to LBO newbies: search the archives if you don't get it.)

Miles



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