Mortgage Defaults: Latest Woe For Housing


NEW YORK ( -- Just as the struggling real estate market seems to be stabilizing, a fresh problem is brewing far from real estate offices or home construction sites: a jump in defaults by higher-risk borrowers.
News of rising default rates by buyers with less than stellar credit could put a crimp in financing for home purchases -- and prices. That's because the rapid growth of new types of mortgages was one of