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

Freedom4um a site that supports terrorism...Developing

Is Sneakypete To Gay To Understand This?

Obama leading in the formation of the Islamic Caliphate!- Prophecy in the News - June 18 2014

Perry Stone Are Islamic Prophecies Pointing To the President

Darius Porter Is Said To Have Beat A Man Senseless

America's Nazi Allies in Israel and Ukraine

Former Homosexual Reveals ... 'Unmitigated Disaster' --- 'of Gay Marriage'

Stupid Predictions Made By Alex Jones That Never Came True

horse’s ass you have to be ... to still be driving around --- 0bama sticker on your car..

Only brainwashed leftists could think that the preference of genitalia ...

Elizabeth Warren’s List for Progressives Is EERILY SIMILAR to Hitler’s Nazi List

Some Faggot Thinks he is a Woman Wants To Use Womans Bathroom. Hobby Lobby Correctly tells the freak NO!

Actor James Garner dead at 86

That awkward moment when you realize Weird Al would make a better president than what we've had recently...

Meet ... Cromagnon man - Neaderthal man --- Zug zug

The Nuclear Option ... Why Do I Have to Buy Healthcare --- for Potheads?

Christian Eschatology ... The Planet --- of the Apes

Google is building the future, but its workforce looks a lot like an unwanted past

Marvel's new Thor will be a woman

Marvel is replacing Steve Rogers with the new, black Captain America

Hey Dayton Did You Know Your City Leaders Have Sold You Out You Are Being Invaded By Muslim Turks

PIECE OF SHIT: Matt Joseph.. Dayton City Council Prefers Illegals To Real Americans

"Weird Al" Yankovic Music Video: FOIL (Parody of "Royals" by Lorde)

Hillary's 'gun free zones' ... create a safe 'workplace' --- for our hardworking criminal

Water Wheel Picks Up Trash in Baltimore's Waterways

The GOP self-destruction is complete: millennials officially hate conservatives

Brawley Union High School Says You Can't Talk About God. (Screw them freaks call them and raise hell)

I'm Burning Bridges

Here is to Hope that Netanyahu will destroy Hamas

Homosexual Activist Sneakypete thinks if you're Not for redefining marriage you are a fascist (No Pete you are a fascist faggot activist)

Why Isn't Robin Of the Peoples Scrotum Offering Housing To The Weback Children?

Robin from the Peoples Scrotum wants to suck off Obama. These Blacks Know Better

Piece of Shit Obama is turning blacks agains him. They hate him call him worst president ever

Weekend Music Thread

This is an insult ... like no other --- Very unfair to outhouses!

Letterman - hope he never retires ... a perpetual adolescent --- why would he?

What is Going on in Ukraine. Video

Skin-to-skin contact ... “kangaroo cuddling,” --- has a calming effect for newborn babies.

Alleged Facebook predator used fake account to flirt with hundreds of boys

Obama doesn't know the meaning of patriotism ... uses the word --- to suit his agenda.

happy 4th ... living in the 3rd world --- doesn't mean a thing to these people !

Taking prayer - God out of schools ... sure is making things better, ...right atheists...?

corporate theocracy now ... Christian right seeks --- cultural - political domination

Obamakins - dirtbag doing what they want ... Obama world running wild --- what Holder will do?

(which reminds me...((( paging war )))...where yoo been, dude? How's 0buma doing NOW??)

BOMBSHELL: CHARLES C. JOHNSON: COCHRAN CAMPAIGN MANAGER KIRK SIMS BEHIND VOTE BUYING SCHEME (He Has The Texts) VIDEO

Police sergeants arrested after allegedly robbing men in Detroit

Cop Changes His Tune For Camera

Texas Police Officer Fatally Shoots Handcuffed Man [GRAPHIC VIDEO]

CITIZEN PLACES CLARK COUNTY PARK DISTRICT BOARD UNDER ARREST FOR OPEN MEETINGS VIOLATION


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: 165
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