Mortgage Bankers Association said, "In USA, more than
4 million American homeowners with a mortgage, a record
9 percent, were either behind on their payments or in foreclosure
at the end of June, 2008."
Releases Long-Term Economic Forecast- The Mortgage
Bankers Association (MBA) today released its three-year
economic forecast update. MBA is projecting robust economic
growth of 3.5 percent through 2007