From January to the end of March, mortgage foreclosures in California rose 800% as compared to the first three months of last year. Countrywide Financial, the nation’s largest mortgage lender, says delinquencies are up even among customers with good credit.
Foreclosures are up but so is the need for housing
Credits
Guests:
- Lloyd Segal - Mortgage banker
- Jack Kyser - Founding Economist, LAEDC's Kyser Center for Economic Research