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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA delinquencies continue to grow, refinance apps outnumber purchase apps

By Implode-Explode Heavy Industries

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"The rate of serious delinquent mortgages backed by the Federal Housing Administration (FHA) remained flat from June to July; however, the gross number of mortgages that are either 90 or more days past due or in foreclosure increased 31.5% from the same period a year ago."

Full post as published by Mortgage Lender Implode-o-Meter on September 04, 2010 (boomark / email).

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