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.
Geithner said he expected continued economic improvement for the rest of 2009 and a reversal in job losses the following year.. referring to the mortgage finance giants taken over by the.
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