reveal media bias!

The Mortgage Bankers Association said Friday that more than 4 million American homeowners with a mortgage -- a record 9 percent -- were either behind on their payments or in foreclosure at the end of June. "The problem that policymakers and Wall Street once assured us was 'contained' to subprime mortgages has proven to be anything but," Mike Larson, a real estate analyst with Weiss Research, said in a research note. As the economy falters and home prices keep falling, concern is building about a second wave of mortgage defaults flooding the market through 2010. On Friday, the Labor Department said the nation's unemployment rate shot up to a five-year high of 6.1 percent in August.