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Volume 2010 - Number 5

March 5, 2010

Going Up: Subprime Delinquencies, HAMP Gripes

The subprime delinquency rate increased again in the fourth quarter of 2009. While the Mortgage Bankers Association projects that the rate will plateau soon, it will not necessarily be due to the Home Affordable Modification Program. The non-seasonally adjusted seriously delinquent rate on subprime mortgages increased to 30.56 percent in the fourth quarter of 2009, up from 28.68 percent the...

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