CONNECTICUT’S FORECLOSURE RATE: REASONS AND RECOURSE FOR FAMILIES

By State Representative Marilyn Giuliano
Residential mortgage foreclosures in Connecticut are rising, along with mortgages in delinquency or pre-foreclosure. In Connecticut and the nation, homeowners have found that their mortgage payments are rising faster than their incomes can support. A root cause is the recent conduct of the subprime mortgage industry.
Subprime mortgages are high cost loans [...]