Mortgage Delinquency Rates Continue to Worsen In Late 2009 as Virus Spreads to Prime Loans
February 11, 2010
Mortgage delinquency rates continued rising to new record levels at the end of 2009, with the worst increases coming in product categories that had been holding their own against a severe housing downturn and economic recession. According to Lender Processing Services, the share of all loans classified as delinquent crossed the 10 percent threshold for the... [Includes one chart]