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Loan Modification

: Mortgage Lender Implode-o-Meter

4.3m Mortgages Delinquent or in Foreclosure in Q409: MBA

By Implode-Explode Heavy Industries

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" The overall delinquency rate for single-family mortgages fell to 9.47% of all loans at the end of the fourth quarter 2009, down 17 basis points (bps) from Q309, according to the Mortgage Bankers Association (MBA) Q409 delinquency survey. Despite this, the survey finds nearly 4.3m mortgages either delinquent or in foreclosure in Q409."

Full post as published by Mortgage Lender Implode-o-Meter on February 19, 2010 (boomark / email).

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