Industry News

Speculators pushing up foreclosures in West, Florida

Sunbelt states see large bump in activity, MBA finds
Published on Jun 14, 2007

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by CareyBot

Speculators walking away from adjustable-rate mortgages in the West and Florida helped push the rate of foreclosure starts to a record high in the first quarter, the Mortgage Bankers Association said Thursday. The rate of loans entering the foreclosure process ...