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Mortgage Delinquencies Fall as Housing Starts Rise

Posted by Bonnie Martin Designated Broker on Friday, May 18th, 2012 at 7:38am. - In looking at the decrease in mortgage delinquencies, announced by the Mortgage Bankers Association Wednesday, this stood out:

“Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future,” said Michael Fratantoni, MBA’s vice president of research and economics.

For the more troublesome delinquencies, the percentage of loans three payments or more past due is down to the lowest level since the end of 2008, he said.

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