Over at the Wall Street Journal, they’ve compiled a staggering number of statistics on home loan defaults into a fantastic infographic. The article accompanying it is a bit overwhelming in it’s complexity, but the graphic does a great job of distilling down the basic points.
A survey found that one in eight U.S. households with mortgages was in foreclosure or behind on its mortgage payments during the second quarter, putting added pressure on programs aimed at preventing foreclosures.
While foreclosure starts have slowed on the subprime loans that ignited the mortgage and banking crisis, loans extended to borrowers with good credit are deteriorating at a faster clip as falling home prices and mounting job losses weigh on more households.
