My Real Estate Blog

November 21st, 2010 5:38 AM

 Mortgage delinquency rates dropped in the last three months. The number of mortgage borrowers behind in their loans dropped during the three months ended Sept. 30 to a seasonably adjusted 9.13%, according to a report released Thursday by the Mortgage Bankers Association.

That includes loans that were at least one payment past due, not loans that are in the foreclosure process. "Delinquency rates dropped pretty sharply," said Michael Fratantoni, MBA's vice president of research and economics, "mostly from a reduction in 90-plus days late category."

Posted by Jim McCowan on November 21st, 2010 5:38 AMPost a Comment (0)
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