Mortgage deliquency rate hits all time high in 2Q

Have to agree that we are in a heap of trouble...

Terry - and it is only expected to keep going up, something is rotten in Denmark!

Nothing for you to be embarrassed about.  The banks, politicians, regulators, et al. are the ones who should be ashamed and they would - if they had any shame.

I wonder how many mortgages are delinquent to try and force the banks to work with them on the loan mods. It has been proven over and over again that the banks won't deal with the mortgage holders while they are struggling but still current. It's a shame that you have to go delinquent for them to take notice.

Unfortunately the "mainstream" media continues to echo the administrations assertion that the economy is showing improvement, while all of the economic indicators actually flounder.

Just think how much better the economy would be if King Bush and Prince Cheney hadn't spent a trillion dollars invading foreign countries! That trillion dollars would have paid for health reform -- LOL. Instead, we have thousands of military personnel who are dead, or they are lifelong cripples who will need medical care for the rest of their lives. And guess who provides that medical care? Yep. The Federal government!