[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Violent Pro-Trump Neo-Nazis to Crash GOP Convention (non-libertarians for Trump)

Chairman claims Nevada Libertarian Party ‘infested with idiots’

fine deranged logic you got there ... voting for your unviable Paultard choice in anyway --- keeping the Chicago urban zoo animal out of the whitehouse?

The dangers of de-policing — will cops just stand down?

John Stossel pushes Libertarian view on terrorism: Do Nothing !!!

Homicide Rates Jump in Many Major U.S. Cities, New Data Shows

Libertarians for Trump

Cop Accused of Sexually Assaulting a Child Says She Wanted It — “It was Absolutely Consensual”

Media Silent as Secret Service Agent Exposes Clinton White House as Coke Den, Full of Mistresses

Video shows Silver City, State Police ignore DWI investigation of district attorney

Why Radical Libertarians Are the New Communists - A toxic strand of a political ideology

This U.N. official accidentally crushed his own throat right before he was set to testify against Hillary Clinton

SHOCKING POLL: Libertarians are too Stupid to Understand What ‘Libertarian’ Really Means!

Judge tosses Libertarian Frank Tamburri from U.S. Senate ballot

Full Speech: Donald Trump Delivers Economic Policy Speech in Monessen, PA (6-28-16)

Turkey Istanbul: Explosions and gunfire rock Ataturk airport

White House: Benghazi report is political

‘Super Racist’ Water Safety Poster Prompts American Red Cross Apology

Obama Could Be Facing 10 Years To Life In Prison... TALIBAN SWAP RESULTS

Here’s What the Brexit Did to the World’s 400 Richest People

Here’s Why You Shouldn’t Say “Christian Conservative”

FBI Transcript Shows Nobody Died in Orlando Shooting Until SWAT Teams Entered the Building at 5:13 AM

Judge Richard Posner: ‘No value’ in studying the U.S. Constitution

Officials Reveal America’s National Security is “Controlled” by the Jihadists

Our Lost Constitution: The Willful Subversion of America's Founding Document

The Government Made Me a Litterbug

A Libertarian Lexicon

Clinton Removes The Mask—Goes Full Merkel On Immigration

After Brexit, a Trump Path to Victory

Cleveland Is Purposefully Setting the Stage for Mass Protester Violence at the RNC (Westboro Baptist Church, July 20 Perk Plaza)

Liberal Foreign Policy explained

How Liberal Journalists Think

Meet the Liberal Elite!

Wow, Justice Sotomayor Kind of Agrees With Justice Thomas on a Gun Case!

Big ruling for abortion rights in Supreme Court's Texas case

A Chat about Illegal Immigration

Barack Obama explained

Normal Guy debates gun control with hillary supporter

European SUPERSTATE to be unveiled: EU nations 'to be morphed into one' post-Brexit

‘It Will Happen Very Soon’: European MEP Issues Dire Warning on Fate of EU After Historic Brexit Vote

Court upholds reach of US gun ban for domestic violence

Federal Court Rules Govt Can Hack Your Computer Without a Warrant, No Probable Cause

The FDA is stockpiling military weapons — and it’s not alone

Pope Francis makes groundbreaking apology to gay people and says the Catholic Church must seek forgiveness for the way it treated them in the past

Judge Jeanine Pirro's Opening Statement June 25, 2016

Hank ‘Meltdown’ Paulson Cites Hillary’s Globalist Platform as Reason for Endorsement

Anyone on a no-fly list ... should not be able to purchase --- a kitchen utensil

I’m suing the US government for its data on who’s entering the country

Which candidate said what?

Democratic Sen. Calls For Ammunition Control [VIDEO]


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Mortgage Delinquencies in U.S. Fall to Lowest Since 2008
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/2012- ... fall-to-lowest-since-2008.html
Published: May 16, 2012
Author: John Gittelsohn
Post Date: 2012-05-16 10:34:06 by Brian S
Keywords: None
Views: 948
Comments: 1

The U.S. mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market and low interest rates helped more borrowers pay their bills.

The share of home loans at least 30 days late dropped to 7.4 percent from 7.58 percent in the previous three months, according to a report today from the Mortgage Bankers Association. The rate peaked at 10.1 percent in the first quarter of 2010 and was last lower in the third quarter of 2008, when it was 6.99 percent.

“Delinquencies are clearly continuing to improve,” Michael Fratantoni, the group’s vice president of research and economics, said in a statement. “Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future.”

Falling delinquencies may help limit foreclosures and solidify a recovery in the housing market as low interest rates combine with decreased prices to stimulate demand. Housing affordability reached a new high in the first quarter and sales of previously owned homes rose 5.3 percent from a year earlier, data from the National Association of Realtors show.

The U.S. jobless rate fell in April to 8.1 percent, the lowest since January 2009. Rates for 30-year fixed loans declined to a record 3.83 percent in the week ended May 10, according to Freddie Mac (FMCC), the McLean, Virginia-based mortgage- finance company.

Tighter Lending

The largest share of troubled loans were originated in 2005 to 2007, according to the bankers group. Tighter lending standards and deflated prices for borrowers who got mortgages after the housing market collapsed account for better performance of loans issued since 2008, said Jay Brinkmann, chief economist for the association.

Loans more than 90 days overdue -- the point at which lenders usually begin the process of seizing a property -– fell to 3.06 percent on a seasonally adjusted basis from 3.11 percent in the first quarter and 3.62 percent a year earlier, according to the mortgage bankers. The share of homes that had received a foreclosure notice and hadn’t been seized by banks increased to 4.39 percent, up 1 basis point, or 0.01 percentage point, from the previous quarter, the trade group reported.

Mortgage servicers have slowed the pace of foreclosures since the fourth quarter of 2010, when they faced allegations of using improper and fraudulent paperwork to repossess homes with delinquent mortgages. The five largest servicers, including Bank of America Corp. (BAC) and JPMorgan Chase & Co. (JPM), reached a $25 billion settlement with state and federal regulators in February.

Four states -- Maryland, Delaware, New Jersey and Washington -- had increases in the overdue rate for loans more than 90 days late. Foreclosure starts decreased in 41 states and the rate of loans in foreclosures fell in 22 states.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Brian S (#0)

lmao....again, the 'baseline' tells the real story.

Proxy IP's are amusing.....lmao

Badeye  posted on  2012-05-16   10:37:28 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com