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Real Estate & Property Law

: Housing Wire

MBA: Delinquencies Hit Record 7.88% in Q4

By KELLY CURRAN

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Mortgage delinquencies piled up at record pace in the fourth quarter of 2008, hitting an all-time, seasonally-adjusted high of 7.88 percent of loans outstanding, the Mortgage Bankers Association said Thursday. The delinquency rate, which includes loans that are at least one payment past due but not yet in foreclosure, was up from 6.99 percent in the [...]

Full post as published by Housing Wire on March 05, 2009 (boomark / email).

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