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American worker wages, as a percentage of national GDP, had been – until 1975 – almost always at least half of U.S. GDP, and as recently as 2001, accounted for 49% of GDP. In 2012, they hit an “all-time low” at 43.5% of GDP. Further, CEO pay has also.
VALoans.com belongs to the Mortgage Research Center, LLC, ("MRC") Network. MRC is a private company that provides mortgage information and connects homebuyers with lenders.. Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High.
Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High So as Wells preannounces and takes the market ever higher in the context of accelerating California home foreclosures, increasing credit card rates and delinquencies, record unemployment, tight consumer credit, mortgage rates that had fallen and are since.
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Even as Mr. Geithner, in prepared congressional testimony, claims that the economy is "recovering", the MBA announced yet another record number of mortgage delinquencies. At over 14%, the number of American homeowners either in delinquency or in foreclosure was an all-time record in September, representing a ninth straight quarterly increase.
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