WASHINGTON AP - The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.More than 10 percent of homeowners had missed at least one mortgage payment in the January-March period, the Mortgage Bankers Association said Wednesday.
May 19, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – The mortgage crisis is dragging on the economic recovery as more homeowners fall behind on their payments.
Analysts expect improvement soon, but the number of homeowners in default or at risk of foreclosure will have a lingering effect on the broader economy.
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