Lenders initiate foreclosures at record pace

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	Lenders initiate foreclosures at record pace

amygaley

3-13-2007 7:37 PM

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tags:

mortgage, foreclosure, home, home buying

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/11d4cd3a-be32-4240-bac7-3ef80c54c308/C7CD4078-A062-4CE7-A72A-50E6070FCEC8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3" href="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3"><H1>
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						<A href="http://us.rd.yahoo.com/dailynews/reuters/brand/SIG=pd7i95;_ylt=AozoN9a5GvOlrgvsPogTaW6b.HQA/*http://www.reuters.com"><IMG width="120" height="26" border="0" alt="Reuters" src="http://us.i1.yimg.com/us.yimg.com/i/us/nws/p/reuters120.gif" /></A>
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Lenders initiate foreclosures at record pace 
</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3"><P><SPAN>
By Lynn Adler
</SPAN>
<EM class="timedate">Tue Mar 13,  3:13 PM ET</EM>
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3"><P>
NEW YORK (Reuters) - Lenders launched foreclosure actions
against more than one of every 200 U.S. mortgage borrowers in
the fourth quarter of 2006, the biggest share of homes at the
start of the repossession process on record.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20070313/bs_nm/usa_mortgages_delinquencies_dc_3"><P>Driven by subprime borrowers with trouble making payments,
the proportion of mortgages in the initial stages of
foreclosure was at the highest in the 37-year history of the
Mortgage Bankers Association's National Delinquency Survey.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C7CD4078-A062-4CE7-A72A-50E6070FCEC8/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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