Fewer people were late on their mortgage payments during the third quarter of this year, according to the Mortgage Bankers Association. At the same time, there was an increase in the number of loans entering foreclosure.
The decrease in mortgage delinquencies is a sign of an improving economy, says Michael Fratantoni, the association’s vice president of [...]
Posts Tagged ‘delinquencies’
Mortgage delinquencies decline
December 18th, 2010 by Financial Writer
Tags: bank, bankers, California, crisis, delinquencies, economic, economics, economy, Florida, foreclosure, foreclosures, increase, lender, loan, loans, mortgage, mortgage bankers, mortgages, president, rate, us
more...Mortgage Delinquences Set Record
September 21st, 2009 by Financial Writer
High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on payments in August, up from 7.32 percent in [...]
Tags: delinquencies, financial, lenders, loans, mortgage