Relevant:
2007-12-13 — housingwire.com
Delinquencies — representing newly-troubled borrowers not yet in foreclosure — climbed dramatically during November, with the number of delinquent loans rising 41 basis points as a percentage of loans serviced to 6.34 percent. The number of delinquent loans stood at 4.57 percent one year ago. As a percentage of unpaid principal balance, delinquencies rose an even more staggering 58 basis points.
At this rate of growth delinquencies would more than double in a year. Scary.
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