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 are so many elderly Asians killing themselves?
- What would a U.S.-Russia war look like
- Driverless cars may be an environmental disaster
- Why I'm sick and tired of seeing naked women on HBO
- Why Ted Cruz is the real-life Frank Underwood
- Why ABC threw its Bachelor under the bus
- Here's proof that Justin Bieber is just as spoiled as you always thought
- What would a U.S.-Russia war look like?
- 4 easy ways to resolve life's toughest questions
- Watch Zach Galifianakis get annoyed at President Obama on Between Two Ferns
Subscribe to the Week