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Ireland's Next Blow Could Be Home Loans

By Implode-Explode Heavy Industries

"A rising tide of Irish households has been falling behind on their mortgage payments. More than 36,000 borrowers, representing 4.6% of Irish mortgage loans, were at least 90 days behind on their loans as of June 30, according to Ireland's financial regulator. That compares with 26,000, or 3.3%, nine months earlier. Data for September, due next month, is expected to show another rise but remain below the U.S. rate, which was above 9% in June."

Full post as published by Mortgage Lender Implode-o-Meter on November 09, 2010 (boomark / email).