Mortgage Delinquencies continue to climb
The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008, up 89 basis points from the third quarter of 2008, and up 206 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Syndication for CentristSoapbox
- Obama’s Modification Plan - Are you paying for your neighbor’s home? March 7, 2009
- What’s up Doc? (besides your pay) March 6, 2009
- Properly marketing foreclosed properties: one key to stabilizing home prices February 17, 2009
- The declining value fallacy: why principal reductions are not an appropriate response February 16, 2009
- The Housing Plan: about the “affordability” section of the plan February 16, 2009
- Stimulus bill scorecard - Elephants-0, Donkeys-0 February 14, 2009
- Mr Oglethorpe’s Dilemma: A primer on stimulus spending February 9, 2009
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