Last updated 8:09PM ET
October 17, 2017
Nebraska News
Nebraska News
Downturn in mortgage market affects homeowners
(2007-04-06)
(NET Radio) - Across the country, there's an alarming rise in the number of people in trouble with their subprime mortgages - high risk, high interest rate loans that often start out with low teaser rates. When interest rates rise, as they have been, and the introductory period ends, people wind up late with their payments, or even facing foreclosure. Sharon Taubert with Consumer Credit Counseling Service of Nebraska in Omaha, says she's definitely seeing more people with problems like that. © Copyright 2017, NET Radio
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