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)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Slovenia is ready for its moment in the travel spotlight
The Week Recommends Mountains, lakes, caves and coastline await
-
Trump seeks to cut drug prices via executive order
speed read The president's order tells pharmaceutical companies to lower prescription drug prices, but it will likely be thrown out by the courts
-
'Haiti's crisis is a complex problem that defies solution'
Instant Opinion Opinion, comment and editorials of the day