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2009-01-07 — goldseek.com
``Homeowner mortgage delinquencies are not improving, not a bit. They are growing worse by the month, mainly because the USEconomy has entered a disintegration phase, and because no mortgage relief program has any substance whatsoever. The policy to make home loan reduction voluntary to banks is empty and vacant and vapid, when lenders suspect a grandiose nationwide federal mortgage reduction program as near. They wait. The delinquency process will continue until home loan relief has real meaning. The delinquencies assure high levels of unsold property inventory, in plain view. The home foreclosure data shows no sign of improvement either.''
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