As seen on Oprah!
Meanwhile, in the real world… Just 87.2% of U.S. mortgages were current in the third quarter, according to the OCC and OTS Mortgage Metrics Report released yesterday. Serious delinquencies jumped to 6.2% of mortgage-servicing portfolios, an increase of 16.7% from the previous quarter. The number of prime borrowers in trouble continues to mount as 3.6% of prime mortgages were more than two months behind on payments, more than double the number in default a year ago. Foreclosures in process reached 3.2%, an increase of 9.4%, with more than 1 million foreclosures in process.
But hey, that’s a pretty cool gingerbread house, eh?