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A foreclosure sign hangs in front of a home December 14, 2006 in Miami, Florida. The Mortgage Bankers Association, in its quarterly report of the mortgage market, reported that the percentage of mortgage payments that were 30 or more days past due for all loans tracked jumped to 4.67 percent in the July-to-September quarter. (Photo by Joe Raedle/Getty Images)
Foreclosures on the rise
Broadcast: Midmorning, 12/19/2006, 9:06 a.m.
Mortgage foreclosures are up in the Twin Cities and across the country, and one expert warns it could be just the tip of rthe iceberg. Midmorning's guests will discuss the implications for neighborhoods and the economy.
Guests
Prentiss Cox: Associate professor of law at the University of Minnesota.
Tom Musil: Director of the Shenehon Center for Real Estate Education and the Masters of Real Estate program at St. Thomas University.
Kathy Lantry: President of the St. Paul City Council.
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