1.0 link 208645 <![CDATA[Mortgage Crisis: 12% Are Late, Foreclosed]]> http://www.huffingtonpost.com/2009/05/28/mortgage-crisis-12-are-la_n_208645.html NEW YORK &mdash; The mortgage crisis is spreading and hitting new heights: Borrowers with good credit now make up the largest share of foreclosures as job losses and pay cuts exact their toll.

A record 12 percent of homeowners with a mortgage were behind on their payments in the first quarter, the Mortgage Bankers Association said Thursday. And the trend is predicted to continue until the end of next year, about six months after unemployment is expected to peak.

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