Last September, an alarming trend began to emerge among rental applicants at Drucker & Falk, a third-party manager of 30,000 apartment units across the Sun Belt. One applicant in every 20 was coming into the leasing office bearing a credit record with a mortgage foreclosure. What was even more disconcerting was the likelihood that those numbers would increase—especially as national headlines touted the worst housing downturn in a generation. More