Welcome, Guest. Please login or register.

Author Topic: Record 12% of Mortgages Are Delinquent  (Read 901 times)

0 Members and 1 Guest are viewing this topic.

godoftrading

  • Full Member
  • ***
  • Posts: 119
  • Karma: 4
    • View Profile
Record 12% of Mortgages Are Delinquent
« on: May 29, 2009, 09:04:56 AM »
http://finance.yahoo.com/news/12-pct-are-behind-on-mortgage-apf-15369809.html?sec=topStories&pos=1&asset=&ccode=

12 pct. are behind on mortgage or in foreclosure

Delinquencies and foreclosures set record in 1st quarter, driven by prime loan defaults

NEW YORK (AP) -- An industry report shows that a record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit.

The Mortgage Bankers Association said Thursday the foreclosure rate on prime fixed-rate loans doubled in the last year, and now represents the largest share of new foreclosures. Nearly 6 percent of fixed-rate mortgages to borrowers with good credit were in the foreclosure process.

At the same time, almost half of all adjustable-rate loans to borrowers with shaky credit were past due or in foreclosure.

California, Nevada, Arizona and Florida accounted for 46 percent of new foreclosures in the country.
_________________
http://zantrio.com
http://millennium-traders.com
http://swing-trading.com

Tags:
 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1037 Views
Last post August 07, 2007, 03:01:04 AM
by The Web Team
0 Replies
998 Views
Last post August 08, 2007, 10:01:19 AM
by The Web Team
0 Replies
3569 Views
Last post August 20, 2007, 03:01:16 AM
by Deez
0 Replies
3058 Views
Last post August 20, 2007, 11:01:28 AM
by Deez
0 Replies
2195 Views
Last post August 20, 2007, 07:00:57 PM
by Deez
0 Replies
3012 Views
Last post September 13, 2007, 12:29:44 PM
by The Web Team
0 Replies
1927 Views
Last post December 10, 2007, 08:12:37 AM
by The Web Team
0 Replies
1040 Views
Last post May 15, 2009, 09:15:49 AM
by godoftrading
0 Replies
984 Views
Last post June 24, 2009, 10:34:49 AM
by godoftrading
0 Replies
1179 Views
Last post March 06, 2012, 04:19:41 PM
by MTnews