The National housing market may not stabilize until the 1st quarter of 2011. Foreclosure activity hit an all-time high in the 1st quarter of 2009. Twelve percent of all mortgages are at least one payment delinquent says the Mortgage Bankers Association. Not only has foreclosure activity surged, it's become more widespread, as prime, fixed rate mortgages now constitute 56% of mortgages in the foreclosure process. Source: Housing Wire.  

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