4 Truths About Subprime Bailout
January 29th, 2008 categories: Real Estate News
On Wednesday, January 23,2008 Walter Williams posted a great article on townhall.com detailing issues surrounding the subprime bailout.
In the article he reported that according to Temple University’s professor of economics William Dunkelberg:
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96% of all mortgages nationwide are being paid on time.
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30% of American homeowners have no mortgage.
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Delinquency rates were higher in the 1980’s than they are today.
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Only 2% to 3% of all mortgages are in foreclosure.
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