OC Register - "O.C. mortgage defaults spike 83.6% for 2nd quarter" (8-2-06)

"Banks sent delinquent borrowers 1,280 notices of default in the quarter, an increase of 83.6 percent from a year ago, according to DataQuick Information Systems. Lenders typically send such notices, which are the first step to foreclosure, after borrowers skip three or more payments."