more data showing delinquencies on the decline

From DS news

> Significant Declines Seen in Late-Stage
Delinquencies and Foreclosures

Industry data released Thursday shows a sharp drop in the percentage of home
loans 90 or more days past due or in foreclosure. The Mortgage Bankers
Association (MBA) reports 90-plus day delinquencies have dropped for five
straight quarters, while the nation's foreclosure inventory recorded its
largest decline since the trade group began tracking the market. At least
one economist says the combination is a sign of "genuine improvement."
Remaining troubles appear to be concentrated in a handful of states. Five
account for over half of the loans in foreclosure in the country.
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Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
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