Barney Frank must have said they were solvent again, see problem solved...

"one payment in arrears was 15.02 percent on a non-seasonally adjusted basis, the highest ever in the survey.
However, the delinquency rate for mortgages on one-to-four-unit residential properties fell"

Wow,what good news....or are those falling behind already been foreclosed thus meaning fewer people behind to count. You Know,like the unemployment rate.

Good old Bowel Movement, always the cheerleader for FAIL.

It is really obvious that these butt-wipes are praying that the Democrats will screw us so badly that enough forking morons will vote Rtard in some future election.

I am sure that many of them would pray nightly for a nuclear attack on New York or some other 'liberal' city if they thought it would benefit their precious GOPIGGIES.

Loser.

and Iraq is quiet after years of ethnic cleansing

I believe the mainstream media. I am a robot.

Could the reason be that most of those who could not afford a Mortgage are already in default?

Even the "rollercoaster to hell" is slowed by some bouncingf dead cats on the way.

Could the reason be that most of those who could not afford a Mortgage are already in default?

Bingo, bango!

Culling the herd

Yes I feel it's getting much better.... The list of homes facing foreclosure due to late payments in my zip code has grown from about 150 last year to over SIX HUNDRED... A Significant improvement....

Which side of the Egg do you open?

I'm gonna go live at Harry Reid's house... He sounds like a guy I would love to party with....

Ya, good old harry is the life of the party.

That's kind of like saying the the war in Iraq is a success because we killed all the young men old enough to fight.

I see a trend...

Nice trend....

The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased by 35 to 1,761. Mass layoffs had trended lower since August.

Two homes on the same street. The residents are gone.

The bank foreclosed on one. Didn't on the other.

The lawn needs to get cut, the property is going into disrepair.

Who do you call?

One of those properties - we already know who to call?

The other, we can't find them to complain.

Other houses in the neighborhood are already vacant.
Some were foreclosed on, others not.

One thing stands out - the houses AREN'T on the market for sale.

The banks took down the real estate signs.

According to some realtors, the houses were abused horribly - the people vacated after looting the place of everything nailed down, too. Electrical wiring destroyed, piping missing. Everything taken to be sold.

The banks are stuck with some really horrible houses that need tons of work.

They seem to manipulate the headlines on this issue based on whatever way they decide to look at the numbers. One sounds doom and gloom, and then they have a headline like this that makes it seem like things are getting better.

Read one a few weeks ago that said even people that arent behind on payments are walking away from their homes as an investment because they are so far underwater on their loans that it just doesnt make any sense to continue paying.

Good point Petrous. I had a friend at work look at a foreclosed home to purchase and he told me exactly what you described. It was completely gutted of all appliances and anything of value by whoever was occupying it before the bank took it over.

the, I have looked at houses too. They have been trashed. Thoes people should have never been allowed to purchase a house with their lousy credit.

Thoes people should have never been allowed to purchase a house with their lousy credit.

So, who do you blame? The people without the A1 credit ratings or the bankers with the college degrees that loaned then the money and then sold the loans to another investor so the could avoid any possible liability?

9.47 down from 9.64, but up from 7.88 last year.

wow, that's fantastic, lets print it.

#16
"the houses were abused horribly-the people vacated after looting the place of everything nailed down."
Sounds like the condition of our country after the republicans were evicted.