Mortgage Delinquency Rates Stabilize in Early 2010, Some Signs of Improvement
May 20, 2010
Major mortgage servicers reported declines in delinquency rates from the end of 2009 to the first quarter of this year, but the improvement may be linked to seasonal factors as consumers get their financial houses in order in the new year. Top servicers reported an overall delinquency rate – including loans in foreclosure – of 11.63 percent at the end of March... [Includes two charts]