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June 06, 2008
Delinquency Rate for Mortgage Loans Increases 53-Basis Points
The delinquency rate for mortgage loans on one-to-four unit residential properties rose 53-basis points between the fourth quarter of 2007 and the first quarter of 2008 to reach a rate of 6.35-percent of all loans in delinquency on a seasonally-adjusted basis, according to the MBA's latest National Delinquency Survey. The MBA says the delinquency rate also is up 151-basis points when compared to a year ago.
Posted by S. Germain at June 6, 2008 08:14 AM