Job Loss Leading to Housing Woes

March 16, 2007 – Continued job loss in the U.S. industrial heartland have left states such as Ohio and Michigan more vulnerable to mortgage defaults.

More than 500,000 jobs have been lost in Ohio and Michigan since 2000. Those two states accounted for an out-sized 15 percent of foreclosures across the United States in January.

Read the Associated Press article here.