Industry News

U.S. foreclosure starts hit new records

Falling home prices create less incentive to make payments
Published on Mar 6, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Loans entered the foreclosure process at a record rate during the fourth quarter, and things are likely to get worse before they get better, the chief economist for the Mortgage Bankers Association said today. Although reductions in short-term interest rates ...