Baton Rouge Real Estate Appraisers

http://www.batonrougerealestateappraisers.net/ - Baton Rouge Real Estate: Housingwire.com Says 13.6% Of Mortgages Delinquent….Did You Think That % Was Higher Than That? Your Comments……8/20/2009

Housingwire.com and Mortgage Bankers Association are reporting on 8/20/2009 that 13.6% or Mortgages are delinquent, see here.

I thought that with all of the media hype on this issue that surely that figure would be much higher than just 13.6%. Did you? Your Comments?

Here’s a snippet from the article:

“Single-family mortgages set a new record delinquency rate of 13.16% in Q209, according to the quarterly survey by the Mortgage Bankers Association.

The delinquency rate includes mortgages at least one payment past due or in foreclosure.

The results were lead by Florida with 12% of mortgages somewhere in foreclosure, another 5% at least 90 days past due and a total 22.8% delinquent at least one payment delinquent or in foreclosure at the end of June. Nevada followed Florida with 21.3% at least one payment past due or in foreclosure.

The MBA also saw a jump in foreclosures on Federal Housing Agency-ensured mortgages. The percentage of loans with foreclosures started, the percentage in foreclosure and the percentage seriously delinquent at 90 plus days past due all set records for FHA loans in the quarter.”