A record number of California homeowners defaulted in mortgages last year: 118,020 statewide, and that's up 125% from last year. In Merced County located in the northern San Joaquin Valley, one in 20 homes are being lost to foreclosure.
Foreclosures and Notices of Default
Credits
Guests:
- Jack Kyser - Founding Economist, LAEDC's Kyser Center for Economic Research
- Dave Hill - Business editor at the Modesto Bee