San Diego Real Estate Blog

December 2nd, 2009 4:07 PM

The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding in the third quarter, up 40 basis points from the second quarter, and up 265 basis points from one year ago, according to the recently released Mortgage Bankers Association’s National Delinquency Survey. 

The delinquency rate, which set a new record in the third quarter, includes loans that are at least one payment past due, but does not include loans that are in the process of foreclosure.  The percentage of loans in the foreclosure process at the end of the third quarter was 4.47 percent, an increase of 17 basis points from the second quarter of 2009 and 150 basis points from one year ago.

 

 

Leonardo Gonzalez

http://www.ChulaVistaCommunities.com

Posted by Leo Gonzalez on December 2nd, 2009 4:07 PMPost a Comment (0)
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