Mortgage lenders in the Northeast may be saddled with abnormally high loan foreclosures through 1997, reflecting persistent weakness in the regional economy.

An analysis by Fitch Investors Service Inc. says the highest average foreclosure rates on residential mortgages will be in New Jersey, Connecticut, and the New York area.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.