Wednesday, December 13, 2006

U.S. mortgage delinquencies jump in third quarter

no wonder the mbs market is demanding higher risk premiums.....
kein wunder das der mbs markt höhere risikoprämien verlangt......

with this kind of offers "$150,000 loan for $450 a month" (thanks to keith from ) no wonder that numbers are on the rise.....

U.S. homeowners had a harder time keeping up with their mortgage payments in the third quarter, the Mortgage Bankers Association said Wednesday, with the delinquency rate rising to 4.67% from 4.39% in the second quarter. A year ago, 4.44% of mortgage holders were 90 days or more past due on their loans. The foreclosure rate inched higher in the third quarter, with 1.05% of mortgages in the foreclosure process vs. 0.99% in the second quarter, the MBA said. While delinquency rates on all types of loans rose in the third quarter, it was the subprime category -- loans made to less creditworthy borrowers, that shot up the most to 12.56% from 10.76% a year ago.

U.S. mortgage delinquencies jump in third quarter:
U.S. mortgage delinquency rate 4.67% in 3Q vs. 4.39% in
U.S. mortgage foreclosures inch higher in third Quarter
U.S. foreclosure rate 1.05% in 3Q vs. 0.99% in 2Q

Delinquencies, foreclosures will go higher: MBA's Duncan

the crazy thing is that the next credit offers are coming soon........

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