Industry News

California mortgage defaults hit 10-year high

More borrowers expected to lose homes in second half of year
Published on Jul 24, 2007

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by CareyBot

Lenders sent California homeowners the highest number of mortgage default notices in more than a decade during the second quarter, the result of flat or falling prices, anemic sales and a market struggling with the excesses of the 2004-2005 home-buying ...

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