Tuesday, March 31, 2009

78%

County is drowning.

There's nowhere tougher in America to be paying a mortgage than Yuba County, says a new lending industry study released Monday.

Nearly 78 percent of the county's mortgage debt is tied to houses that have lost value and are worth less than what's owed on them, said New Jersey-based SMR Research in its yearly "Giants of the Mortgage Industry" study.


60% of those holding mortgages.