forbes.com - 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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DS news.com - Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit.
The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago.