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Real Estate & Property Law

: Housing Wire

Troubled Mortgages Near 10 Percent of Borrowers, MBA Says

By PAUL JACKSON

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Single-family residential delinquencies soared to nearly 7 percent during the third quarter, reaching 6.99 percent in the Mortgage Bankers Association’s latest delinquency survey data; that’s up 140 basis points from one year ago and 58 points from Q2 on a seasonally-adjusted basis. In other words: we continue to have a problem. But it gets worse. That [...]

Full post as published by Housing Wire on December 05, 2008 (boomark / email).

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