The Bottom Line
Mortgage defaults in September were down 8 percent from August, but still double the rate from a year earlier, according to RealtyTrac.
Mortgage defaults in September were down 8 percent from August, but still double the rate from a year earlier, according to RealtyTrac. “September’s total was still the second highest monthly total we’ve seen since we began issuing our report in January of 2005,” said RealtyTrac CEO James Saccacio. The default rate was highest in Rust Belt and Sun Belt states. Nevada led the pack, with one in every 185 households filing. (CNNMoney.com)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Why you should stop believing in evolution
- Why China thinks it could defeat the U.S. in battle
- The secret to handling pressure like astronauts, Navy SEALs, and samurai
- How Ferguson made conservatives lose faith in the police
- What you need to know before you support the police in Ferguson
- Girls on Film: 5 things that need to happen before Hollywood will ever truly change
- How the West produces jihadi tourists
- What the 'death of the library' means for the future of books
- What would a U.S.-Russia war look like?
- Why I give money to homeless people
Subscribe to the Week