Rising Delinquency Headed Higher - Mortgage Forums for Mortgage Brokers

Welcome to MortgageBrokerLand.com, an online community for the mortgage industry where you can join mortgage brokers, wholesale lenders, lead providers, and other industry professionals in discussions concerning today's mortgage business. To gain full access to MortgageBrokerLand.com you must register for a free account. As a registered member you will be able to:

Post loan scenarios for review by wholesale account executives and other mortgage brokers
Communicate privately with other members around the country
Establish your community reputation to take advantage of free offers from service providers

All this and more is available to you when you register for a free account. So sign up today!

If you have any problems with the registration process or your account login, please contact support.

		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Rising Delinquency Headed Higher

#1 (permalink)

08-28-2007, 03:10 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

Posts: 1,840

Veronica Corningstone is on a distinguished road

Rising Delinquency Headed Higher

Delinquency of at least 30 days was 1.23 percent on prime mortgages as of June 30, rising from May 31 and from a year earlier, FBR Investment Management Inc. wrote in an Aug. 24 client letter. On subprime pools, 26.64 percent of mortgages were delinquent at second quarter's end. Serious subprime delinquency reached an all-time high in June -- though it is still projected to go higher next year.

More...

« Biggest drop in consumer confidence since Katrina (Reuters) | Accredited Home tender extended by Lone Star (Reuters) »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Flagstar Fundings, Delinquency Higher	Veronica Corningstone	Mortgage News	1	08-04-2007 03:27 PM
Rising Rates Forecasted to Hold	Veronica Corningstone	Mortgage News	0	04-12-2007 04:12 PM
Mortgage Exec Headed to Prison	Veronica Corningstone	Mortgage News	0	08-03-2006 06:13 AM
Rates Headed Higher	Veronica Corningstone	Mortgage News	0	06-16-2006 10:13 PM
Unrelentless Rising Rates	Veronica Corningstone	Mortgage News	0	01-10-2006 06:13 AM

All times are GMT -7. The time now is 10:05 PM.