National Delinquency Rate Falls to Lowest Level in Three Years: MBA

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From DS News



<http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5&
id=9033d54da3&e=ebe71b748c> National Delinquency Rate Falls to Lowest Level
in Three Years: MBA


The Mortgage Bankers Association (MBA) reported Thursday that the national
delinquency rate for residential home loans fell to 7.99 percent in the
third quarter. That's the lowest reading since the fourth quarter of 2008.
The delinquency rate encompasses borrowers who have missed one or more
payments but are not yet in foreclosure. While delinquencies fell, the
number of borrowers entering the foreclosure process rose for the first time
in a year, driven by a handful of servicers and hard-hit states.
<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=71316d1308&e=ebe71b748c> > Read More

- sunil


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