According to HousingWire.com, mortgage delinquency rates and foreclosure pre-sale inventory levels fell in August. Is this another sign that market is recovering?
Compared to the 31-day period to a year ago, the nation's mortgage delinquency rate had a 10.6% dip in August. Last month, Lender Processing Services said mortgage delinquencies were down 30% from January 2010 from their firm's own loan-level databases.
The States with the most non-current loans are Florida, Mississippi, New Jersey, Nevada, and New York. The States with the lowest percentage of non-current loans are Montana, Alaska, South Dakota, Wyoming, and North Dakota.
Source: HousingWire.com
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