Read the the Mortgage Banker's Association's 2009 3rd Quarter Statistics re: Homeowner Delinquencies and Foreclosures in the U.S.

Over 42% of all Subprime Mortgages in the U.S. are either in Foreclosure or are over 30 days late making their mortgage payments.

Over 18% of all FHA Mortgages are currently delinquint.

Read all of the Statistics here: http://bit.ly/83F1SC