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Unemployment as a Mortgage Delinquency Driver

|Includes:SPDR Homebuilders ETF (XHB)
Calculated Risk has a graph that shows a relationship between unemployment and mortgage delinquencies, including foreclosures.  One inference from the graph is that a significant part of the mortgage problem is related to unemployment.

For large image, click here.

The two most dramatic outliers are Nevada and Florida, generally considered the two most over built states.

Disclosure: No positions.
Stocks: XHB