Another record hit during the GOP administration: 1 million US homes on forclosure

[Liberal_in_LA]

http://money.cnn.com/2008/06/05/news/economy/foreclosure/index.htm?postversion=2008060510

Million homes now in foreclosure, bankers say
More than one million homes are now in foreclosure, the highest rate ever recorded, a trade group says. And CNNMoney.com reports the number will continue to climb, according to the Mortgage Bankers Association. A record 2.5 percent of all its members' loans are now in foreclosure, the group's report said.

Homes in foreclosure top 1 million
Mortgage bankers report hits grim a benchmark in first quarter, showing a record number of homes in jeopardy.

[Hydra]

1. But that's just the poor people

And we all know they don't count! :sarcasm:

[SpiralHawk]

2. "Nothing to worry about. Me & my republicon cronies are (smirk) in charge." - Commander AWOL Bush

[snappyturtle]

3. Horrid. K&R

:kick:

[Robbien]

4. And tent cities are on the rise

Scary stuff.

[sinkingfeeling]

5. But I'm buying one of those foreclosed homes. Trying to help out the market since I already have a h

[mzmolly]

6. sigh

.