December 6, 2007 (LPAC)--The Mortgage Bankers Association (MBA) released shocking figures today on the mortgage meltdown, which will worsen the dollar collapse and the banking crisis.

Hitting a 20-year high, 5.59% of all U.S. mortgages, prime and subprime, were more than 30 days delinquent at the end of the September quarter, and foreclosures hit an all-time high for the second consecutive quarter.

At the same time, the top 15 U.S. home builders have lost about $35 billion in market value this year, and the inventory of unsold houses has risen to almost an 11-month supply, the highest in 22 years.

Twenty percent of all adjustable-rate (ARM) subprime loans had late payments in the quarter, and an additional 10% were already in foreclosure, the MBA reported. Among prime, fixed-rate mortgage borrowers, 3.12% were at least 30 days delinquent, up from 2.73% in the second quarter.

Does this all really come as any surprise?