Thursday, May 20, 2010

Smells Fishy

NEW YORK - One out of seven U.S. households with a mortgage ended the first quarter late on mortgage payments or in the foreclosure process, although the pace has ebbed now that unemployment appears to have peaked, the Mortgage Bankers Association said on Wednesday.

The media always fixates on irrelevant numbers. They never tell you what the number of actual foreclosures is.

I wonder why....

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