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Thursday, March 5, 2009

Delinquencies Continue to Climb in Latest MBA National Delinquency Survey

Delinquencies Continue to Climb in Latest MBA National Delinquency Survey
"...The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 7.88 percent of all loans outstanding as of the end of the fourth quarter of 2008, up 89 basis points from the third quarter of 2008, and up 206 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. ..."
Reference: www.mbaa.org

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