jim s.

Rate Freezes Won't Solve Foreclosure Problem

If CFC provided this info I would take it with a grain of salt. My first question would be how does this affect CFC? My second question would be how old is this data?

But doesn't the curtailment of income fly in the face of these great employment numbers we keep getting? I mean, foreclosures are way up in the past few quarters but the economy just keeps adding jobs. The only way I see this making sense is if people are losing good paying jobs and finding lower paying jobs to replace them. Then they fall behind on the mortgage.

I think many more foreclosures are due to resets today than that table shows. Not that people should be bailed out, mind you. That's just obscene.