Delinquency Rates Continue to Climb in 2009, But Deterioration May Be Slowing
June 4, 2009
The mortgage market clearly has a lot of problem loans to work through, but there are signs that the freefall in loan performance trends may be slowing down. The Inside Mortgage Finance Large Servicer Delinquency Index shows that a record 9.11 percent of home mortgages were in either default or the foreclosure process as of the end... [Includes two charts and one graph]