The Real Estate Wonk: Foreclosure ripple effects - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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November 22, 2009

Foreclosure ripple effects

Know 10 people with prime mortgages? Odds are that one of them is behind on the payments. That was the delinquency rate in Maryland and the U.S. at the end of September, an astonishingly high figure for borrowers who were supposed to be good credit risks.

The Mortgage Bankers Association blamed unemployment, which last month hit 7.3 percent in Maryland and 10.2 percent on average nationwide. Falling home prices are another factor, the trade group notes.

So: Are we at the point where everyone is affected in some way by the rising tide of foreclosures and delinquencies? Enlighten us all by weighing in on this choose-all-that-apply poll:

Have a tale to tell? Please share.

Posted by Jamie Smith Hopkins at 7:00 AM | Permalink | Comments (0)
Categories: Polls, The foreclosure mess

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie

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