How many mortgages are late?

I read an interesting fact today and thought I would pass it along. Since all everyone does is talk about foreclosures and the horrible economy, it appears that people are starting to hang on to their homes. Maybe the amount of foreclosures are going to start to disappear.

HOW MANY ARE LATE? - 14 out of every 15 mortgages in the USA as of 8/31/08 are current with regard to their monthly payment of principal and interest (source: Wall Street Journal.)