Friday, October 15, 2010

September delinquency rate 9.27%

This is why foreclosure-gate has such an impact, the sheer number of loans that are delinquent.  If this was a normal market would be concern and investigations.  However, with so many defaults it clouds titles, which brings on a whole host of other legal problems.
In a first look at its figures for September, the firm said the rate of delinquent mortgages is 9.27%, which is up less than 1% from August but nearly 8% lower than a year earlier.
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