Helpfulinvesting.com

Earlier this week Freddie Mac released the delinquency break-down with job loss as the number one reason for missed payments  among borrowers who had good credit.  In fact, 58% of borrowers who went delinquent last year blamed reduced income or unemployment.

For the rest of the delinquent borrowers, 16% said their payments were too high to bear, 11% pointed to illness or death, 5% blamed marital problems, 3% said the property was unable to sell, 2% due to job transfer,…