re: Delinquency Rates Climb Mainly In Four States

Allison Mendez — Wed, 14 Oct 2009 23:28:47 GMT

This measure is designed to account for differences among companies as to when a loan enters the foreclosure process. During the second quarter, the seriously delinquent rate increased to 2.47 percent from 2.23 percent. The rate increased nine basis points for prime loans (from 0.89 percent to 0.98 percent), 94 basis points for subprime loans (from 8.33 to 9.27 percent), decreased eight basis points for FHA loans to 5.18 percent, and decreased 10 basis points for VA loans (from 2.45 to 2.35 percent). Since the second quarter of 2006 the seriously delinquent rate was 23 basis points higher for prime loans and 304 basis points higher for subprime loans. The rate decreased 22 basis points for FHA loans and 18 basis points for VA loans.

RE:Delinquency Rates Climb Mainly In Four States

mike — Thu, 20 Dec 2007 13:00:00 GMT

I have been a mortgage banker , DE Underwriter, and have worked in the mortgage industry for over 26 years, my own company since 1986 and can say what the regulators are trying to do is lock the cage door after the lion has left. Their apparent attempt to stop originators from stealing the equity in America is only 18 years to late. Let the market place clean house and those like Countrywide who had 52% of all 2005 loans as option ARMS take their lumps without the tax payers bailing them out.