Is the mortgage market starting to heal? - Feb. 19, 2010: "The mortgage market may have begun to turn: Fewer borrowers fell behind on their payments during the last three months of 2009.
A seasonally adjusted 9.47% of all mortgage loans were late during the fourth quarter, down from 9.64% at the end of September, according to the National Delinquency Survey, which is produced by the Mortgage Bankers Association and is considered the bible of the industry."
Friday, February 19, 2010
Rate of homes going into foreclosure drops: MBA - MarketWatch
Rate of homes going into foreclosure drops: MBA - MarketWatch: "'We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007,' said Jay Brinkmann, chief economist of the Mortgage Bankers Association, in a written statement."
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