Chicago Tribune - One in every five adjustable-rate subprime loans had late and new foreclosures hit an all-time high for a second consecutive quarter. One positive sign is that credit card loan delinquencies have not exhibited a similar rise, according to ... When you're on the look out for a new home, you need cash. A lot of it. Most homes today have down payments that are more than what the buyer can afford right then and there. The solution for this? A mortgage.
