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Loan Modification

: Mortgage Lender Implode-o-Meter

Serious U.S. mortgage delinquencies up 20 percent

By Implode-Explode Heavy Industries

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``3.6 percent of prime mortgages -- those made to the most credit-worthy borrowers -- were seriously delinquent in the third quarter. That was more than double the year-ago quarter and up nearly 20 percent from the 2009 second quarter. The report defined "serious delinquencies" as those loans 60 days or more past due and loans to delinquent bankrupt borrowers.''

Full post as published by Mortgage Lender Implode-o-Meter on December 21, 2009 (boomark / email).

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