Sunday, March 19, 2006

Mortgage Delinquencies UP!

The Mortgage Bankers Association (MBA) reports that "The delinquency rate for mortgage loans on one-to-four-unit residential properties was 4.70 percent at the end of the fourth quarter, up from 4.38 percent in the fourth quarter of 2004 and 4.44 percent in the third quarter of 2005."

The MBA's chief economist said that this upswing was expected.

To read more: MBA mortgage delinquency report

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