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Loan Modification

: Loan Modification & Home Loan News

Prime Mortgages (RMBS) Serious Delinquencies Rise Further

By Moe Bedard

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Serious delinquencies of U.S. prime-rated residential mortgages rose in June from May, the 37th-straight month of sequential gains, though subprime and Alt-A loans extended a recent trend of declines, according to Fitch Ratings. While noting the continued drops are “noteworthy,” the portion of borrowers who had been current in the prior month but fell behind–or [...]

Full post as published by Loan Modification & Home Loan News on July 14, 2010 (boomark / email).

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