by Calculated Risk on 1/23/2007 01:54:00 AM

From the StarNewsOnline: Foreclosure filings hit record high

The number of North Carolina homeowners threatened with foreclosure reached an all-time high last year, new state figures show.

More than 45,500 foreclosure filings were recorded in 2006, according to the Administrative Office of the Courts.
...
Experts blame the growing availability of mortgage loans - especially high-interest and adjustable rate subprime mortgages - in part for the increase.