Industry NewsMarkets & Economy

Defaults on de rise

From Curbed.com blog
Published on Jun 10, 2009

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by CareyBot

LOS ANGELES -- The latest default numbers from the Los Angeles Times' Peter Hong: "In April, 7.16 percent of Los Angeles County mortgages were in default, up from 4.67 percent in April 2008, according to First American, which reports on foreclosures as a percentage of active mortgages, rather than as a share of total households as some other firms do."

Which means?

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