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Real Estate & Property Law

: Housing Wire

Delinquencies and Defaults Up, Up and Away

By KELLY CURRAN

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Delinquencies and defaults are on the rise, due mainly to a handful of circumstances, including the backlog from recent foreclosure moratoria, a jump in unemployment and even a slight rise in marital spats, according to data released by the Federal Housing Finance Agency (FHFA) Tuesday. Since late November, Fannie Mae (FNM: 0.8063 -5.14%) and Freddie Mac [...]

Full post as published by Housing Wire on April 22, 2009 (boomark / email).

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