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Loan Modification

: The Truth About Mortgage.com

For California Mortgage Delinquencies, Location Matters

By scot184

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In sunny California, mortgage delinquencies vary widely by county, as evidenced by a Fitch Ratings study. Fitch took a look at all securitized, non-agency mortgage loans in the state and discovered that ?delinquencies are highly correlated with the level of negative equity.? And while mortgage performance in California is not substantially different than that of the remainder [...]

Full post as published by The Truth About Mortgage.com on May 12, 2010 (boomark / email).

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