Friday, March 30, 2007

US mortgage delinquencies

There is more on this with graphs at this site.

Here's the news we've been expecting, from CNNMoney:

A record high number of homeowners faced a serious threat of foreclosure during the fourth quarter of 2006, according to a survey released Tuesday by the Mortgage Bankers Association...

Troubled mortgage holders rose across the board: The delinquency rate for one-to-four-family houses rose to 4.95 percent of all loans outstanding compared with 4.67 during the third quarter and 4.70 percent 12 months earlier.

All major loan types contributed to the increase, but subprimes and FHA loans were up the most.

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