Credit Card and Debt Statistics Database
by Scott Bilker |
Mortgage Crisis Will Leave Many Children Homeless |
A new report released reveals that an estimated 2 million children will be directly impacted by the subprime mortgage crisis as their families lose their homes due to foreclosures. As the first comprehensive analysis of how the crisis will impact kids, the report explains that this number will rise even higher when accounting for other populations, such as children being evicted from rental units that are going into default and those children whose parents default on conventional loans. These foreclosures will happen primarily during 2008 and 2009. |
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Categories: |
Mortgages,Homeless,Children,Family |
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Reporting Pub: |
First Focus |
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Reporting Date: |
5/3/2008 |
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Article
Title: |
The Impact of the Mortgage Crisis on Children |
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Article
Author: |
First Focus |
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Pub's Source: |
FirstFocus.net |
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Source
URL: |
View details from source |
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