Industry NewsMortgage

Debt a growing factor in Freddie’s prime loan delinquencies

Unemployment still the biggest problem for troubled borrowers
Published on Apr 25, 2007

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by CareyBot

A growing percentage of troubled borrowers in Freddie Mac's prime loan portfolio said excessive debt was one of the primary reasons they had problems making mortgage payments in 2006.

Unemployment or loss of income was still the most often cited cause of delinquency among Freddie Mac borrowers in 2006, with 36.3 percent reporting such problems ...

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