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IPFS News Link • Housing

14.42% of Mortgage Loans Delinquent or in Foreclosure

08-27-2010 • CalculatedRiskBlog.com

When asked if he expected the slight improvements to continue, Brinkmann said "Improvements are more of a hope". He said the problem is jobs, and he is revising down his economic forecasts. He also the improvement in the 90+ day bucket might be because of modifications - and that might not continue. With house prices falling - and growth slowing - the delinquency rate will probably increase later this year.

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Reported By Jack Gregson

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