5.4 million US home owners now behind on their mortgages

Mar 18 2009 Updated July 4, 2023

The Weekly Source

1 min read

12% of home owners with any mortgage in the US are now one month or more behind on their mortgage the highest percentage ever. This compares to 8% just on a year ago. The group most highly affected are people with college degrees or technical training who could afford to by a house but used a prime fixed rate mortgages and are now losing their jobs. 48% of the subprime mortgage home owners are behind on their payments

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