Mortgage Delinquencies Fall to Lowest Level in Two Years

From DS news




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> Mortgage Delinquencies Fall to Lowest Level in
Two Years


The delinquency rate for mortgage loans on single-family residential
properties dropped to 8.22 percent at the end of 2010, the Mortgage Bankers
Association said Thursday. That's down about 10 percent from the rate
reported by the trade group three months earlier and is its lowest mortgage
delinquency reading since the fourth quarter of 2008. While all delinquency
buckets posted declines in Q4, loans in foreclosure tied the all-time record
high in MBA's survey as resolutions were delayed due to robo-signing issues
and case reviews.
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-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

<http://www.sunilsethi.com/> www.sunilsethi.com

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