Delinquency Rate on U.S. Mortgage Loans Hit an All-Time High…
August 19th, 2009 Categories: Pre Foreclosures, Real Estate News, Real Estate Trends
Even though the pace of growth has slowed, home loan delinquencies hit an all-time high for the second quarter of 2009.
According to credit reporting agency TransUnion, the percentage (ratio) of mortgage holders who are 60 days or more behind on their payments increased last quarter for the 10th straight quarter. For the three months ended June 30, mortgage Delinquencies have now risen to 5.81 percent nationwide.
Some related stories:
Mortgage deliquency rate hits all time high in 2Q
Foreclosure Woes Spread To Areas Once Thought Safe
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