The chief economist of the Mortgage Bankers Association says the mortgage crisis won’t see a turnaround until the woes of Florida and California are reversed. Florida leads the nation with 13.68 percent of homeowners late on their house payments or facing foreclosure, according to a survey from the Washington D.C.-based trade group. Palm Beach and Broward counties have the worst rates within the state, the group said.
Florida key to mortgage crisis
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