Relevant:
- Delinquencies, Foreclosure Starts Increase in Latest MBA National Delinquency Survey
- Surge in FHA Foreclosure Starts And Rising Delinquency In 2nd Quarter
- Mortgage Delinquencies in U.S. Decline as Employment Market Improves
- MBA: Almost 10% of Homeowners with Mortgages Delinquent or in Foreclosure Process
- Higher interest rates crush mortgage application volume, down 9.4%
2012-08-09 — bloomberg.com
The U.S. mortgage delinquency rate increased for the first time in a year as slowing economic growth left more borrowers struggling to pay their bills.
The share of home loans at least 30-days late rose to 7.58 percent in the second quarter on a seasonally adjusted basis, up from 7.4 percent in the previous three months, the Mortgage Bankers Association said in a report today. The rate for seriously delinquent loans, those more than 90 days behind, climbed to a seasonally adjusted 3.19 percent from 3.06 percent.
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