"MBA: Record 14.4 Percent of Mortgage Loans in Foreclosure or Delinquent in Q3"

New post on the Calculated Risk blog, my favorite financial news blog, this morning from the MBA, Mortgage Banker’s Association:

http://www.calculatedriskblog.com/2009/11/mba-record-144-percent-of-mortgage.html

I continue to feel, until we can get though the remaining over-hang of distressed properties, these times will continue. I am one of the few local Realtors who was opposed to the continuation of the $8,000/$6,500 home buyer tax credit and to many of the what I call the games, the lease back for deeds programs. Banks becoming greedy is not a solution either.