The Federal government reports that sales of new homes have declined for two months in a row.
Meanwhile in New Hampshire, news of a sales decline comes after reports that twice as many houses went to foreclosure in the first few months of 2007 than did during the same period last year.
That increase has been blamed on a preponderance of subprime loans.
Those are high interest, high fee mortgages that some lenders have made available to people with risky credit ratings.
But there’s evidence that more conventional loans have also played a part in the sharp rise in foreclosures.
