Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Mortgage Delinquency Rates Rise

| Dec 11, 2007 | delinquency, foreclosures, mortgage

Mortgage Delinquency Rates Rise

The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.59 percent of all loans outstanding in the third quarter of 2007 on a seasonally adjusted (SA) basis, up 47 basis points from the second quarter of 2007, and up 92 basis points from one year ago, according to MBA’s National Delinquency Survey.
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