Wednesday, February 9, 2011

Foreclosures ramp up as 30% of mortgages are underwater - Feb. 9, 2011

We believe this number is understated, but even using 30%, combined with 11% of all U.S. Homes Vacant, and real unemployment at 15%, we continue to conclude that the U.S. Federal Reserve has "Bypassed Main Street USA". Not good news.Foreclosures ramp up as 30% of mortgages are underwater - Feb. 9, 2011

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