“Lost Ground:” CRL Research Shows Foreclosure Crisis Not Halfway Over Offers Breakdown By State, Race, Borrower Income

WASHINGTON, D.C. – November 17, 2011 – (RealEstateRama) — 2.7 million of the mortgages made at the height of the housing bubble have ended in foreclosure and at least another 3.6 million likely will fail in the next few years, a new CRL research report shows. That means the nation is not yet midway through a foreclosure crisis that mires the economy.