"One potential glimmer of hope is a decline in the number of new foreclosures on subprime mortgages, though the level is still much higher than a year earlier. But even there the MBA offers a note of caution:
The rate of new foreclosures has remained essentially flat for the last three quarters of 2008. This might be seen as a good sign for mortgage performance, but most other measures point to exactly the opposite conclusion. Research Recap
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