Home Defaults Drop
In another sign of an improving local economy, defaults on home mortgages--homeowners falling 90 days behind in payment--were down about 21% in the San Fernando Valley in 1997 compared with 1996, according to John Karevoll of Acxiom/DataQuick Information Services. As a result, foreclosures will “decline significantly” in 1998, he added.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
