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: CL&P Blog6.5 million
By Alan White
That's the new number for total projected foreclosures in the U.S. through 2012, according to a Credit Suisse report released Tuesday. In other words, one of every eight mortgages will be foreclosed. Not one of eight subprime mortgages, one of eight mortgages. To avert the possible 15% nationwide decline in home values, CSFB recommends a public-private partnership to purchase delinquent loans (something akin to the Frank proposal.)
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Full post as published by CL&P Blog on April 24, 2008 (boomark / email).
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