One in 10 mortgage holders face foreclosure - Fox29 WFLX TV, West Palm Beach, FL-news & weather

One in 10 mortgage holders face foreclosure

Posted by Paige Bresky --email

WASHINGTON D.C.(AP) --- One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis.

The Mortgage Bankers Association says about 9.9 percent of homeowners had missed at least one mortgage payment as of June 30.

That number, which is adjusted for seasonal factors, was down slightly from a record-high of more than 10 percent as of April 30.

In a worrisome sign, the number of homeowners starting to have problems with their mortgages rose after trending downward last year.

The number of homes in the foreclosure process fell slightly, the first drop in four years.

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