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re: Settin record straight on mortgage arrears


Posted by Mairt on June 01, 2011 at 13:35:25:

In Reply to: re: Settin record straight on mortgage arrears posted by Troy McClure on June 01, 2011 at 11:55:58:

The article states

"almost 90% of borrowers are still paying their mortgages according to their original schedule.
Most of the 90,000 borrowers who are in arrears or who have restructured their loans will get back on track, given enough time and forbearance from their lender."

This is taken from whats happening now (or in the recent past), its not three years out of date like the court stats potentially are. Is there data anywhere that contradicts the key points here ?

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