Thursday, August 20, 2009

Mortgage Delinquencies continue rising higher



The Mortgage Bankers Association released their National Delinquency Survey for the Second Quarter of 2009. The total residential mortgages that are at least 30 days delinquent rose to 9.24%. When including loans that are in the foreclosure process the figure rises to a startling 13.16%.

The percentage of loans that are in the foreclosure process rose to 4.30% in the second quarter up from 3.85% in the first quarter.

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