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 http://housingpanic.blogspot.com/ ) 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........