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Loan Modification

: The Truth About Mortgage.com

Foreclosures and Delinquencies Hit New Record Highs

By scot184

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The seasonally adjusted delinquency rate for mortgage loans on one-to-four unit residential properties increased to 9.12 percent during the first quarter, the MBA said today. That?s up 124 basis points from the fourth quarter of 2008 and 277 basis points from a year ago, a new record going back to 1972. The delinquency rate includes loans at [...]

Full post as published by The Truth About Mortgage.com on May 28, 2009 (boomark / email).

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