Monday, December 8, 2008

New Credit Suisse Report Projects Large Increase in Foreclosures Over Next Four Years

Released on December 4, a new Credit Suisse report forecasts that 8.1 million mortgages - or 16 percent of all mortgages - will be in foreclosure over the next four years. This differs largely from the agency's April forecast, which predicted an increase of 6.5 million foreclosures, or 13 percent of all mortgages, over the next four years.

Read the full report here.

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