Not a major surprise, given the state of the economy and the real estate market, but mortgage delinquences are skyrocketing. The latest deliquency report from the Mortgage Bankers Association show deliquencies on 1 to 4 unit properties at 6.99% for the 3Q 2008, an increase of 140 basis points on a year over year basis.
Diana Olick On Mortgage Delinquencies
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