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Mortgage Delinquency - Politics, Business, Civil, History - Posted: 6th Jun, 2008 - 2:51pm
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In the USAPost Date: 6th Jun, 2008 - 2:59am / Post ID: #
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Mortgage Delinquency
Mortgage Delinquency
Mortgage delinquencies for U.S. homes in the first quarter of 2008 jumped 53 basis points from the previous quarter to 6.35% of all loans outstanding, marking a 29-year high, according to the MBA's National Delinquency Survey released Thursday. From one year ago, delinquency rates have risen 151 basis points. This is the highest rate ever recorded in the index...
Ref. https://www.mortgagenewsdaily.com/652008_Mo...Delinquency.asp
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Post Date: 6th Jun, 2008 - 2:51pm / Post ID: #
Delinquency Mortgage
I have a wife in the banking industry and she deals with delinquency and foreclosures. She has not seen a stop to the rising number of home loans going bad. I believe with everything going on right now with food prices, energy costs and gasoline going up the housing situation is not going to get any better anytime soon.
TOPIC: Mortgage Delinquency