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Loan Modification

: Mortgage Lender Implode-o-Meter

Decline In Late Mortgage Payments May Be A Positive Indicator For Foreclosures

By Implode-Explode Heavy Industries

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"Late payments on mortgage loans declined slightly during the fourth quarter of 2009 ? compared to the previous quarter ? representing the first quarter over quarter decrease since mid-2006. Some analysts believe that the drop in 30-day delinquencies may be a positive indicator that the mortgage market is starting to stabilize, and that the number of foreclosure actions may start to decline."

Full post as published by Mortgage Lender Implode-o-Meter on March 08, 2010 (boomark / email).

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