More bad news! The New York Times says that about 1 in 11 American mortgages were past due or in foreclosure at the end of March. [NYT]

Comments

  1. Diet-Orange-Soda says:

    I was one of those. :(

    I screwed up my payment in February and accidentally scheduled it to clear for the next month.

  2. iMe2 says:

    Has there been any analysis of whether this crisis has actually benefited new home-owners; i.e. has the drop in housing prices more than offset the increased cost and difficulty in acquiring a mortgage (rates are actually increasing despite fed cuts)? Personally, I’d be interested to know.

  3. Bladefist says:

    Doom and gloom

  4. ViciousWarGoose says:

    I just hope that people have learned their lesson.

  5. AD8BC says:

    @iMe2: I got lucky… I was relocated and the company took care of everything…

    @Bladefist: Yeah, just more bad news to shake up the stock market and lower my 401(k)

  6. Looking on the (somewhat) bright side, it’s a good time to work in the collections department!

    Oh yeah, and it’s all the consumer’s fault!

  7. mikelotus says:

    @Bladefist: don’t worry, people will be more optimistic under president obama

  8. mrearly2 says:

    @mikelotus: Optimistic for no good reason…