Sunday, September 18, 2005

Mortgage brokers, appraisers fueling foreclosure increases

ONN. Ohio News Now: Report: Mortgage brokers, appraisers fueling foreclosure increases: "Aggressive mortgage brokers and appraisers are contributing to the rising foreclosure rate in Ohio, where mortgages fail more than any other state, The Columbus Dispatch reported Sunday in the first part of a four-part series.
More than 59,000 foreclosure notices were filed in Ohio last year. In the first half of 2005, 3.3 percent of state home loans were in foreclosure, more than triple the national average, according to the Mortgage Bankers Association."
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