All Market Sectors Affected by Rising Mortgage Delinquencies in Uncertain 2nd Quarter Economy
September 12, 2003
Mortgage delinquency rates rose across the board during the second quarter, as a sluggish economic recovery checkered with slumping employment and rising bankruptcies ate away at loan performance indicators. The Large Servicer Delinquency Index compiled by Inside Mortgage Finance rose from 4.16 percent in the first quarter of this year to 4.27 percent. Based on nearly $4 trillion of mortgages serviced by