TheBaker User ID: 1379001 United Kingdom 08/22/2011 10:06 AM Report Abusive Post Report Copyright Violation | Mortgage delinquency rate rises to 8.44%: MBA CHICAGO (MarketWatch) -- Mortgage delinquencies rose in the second quarter, a development that reflects the deterioration of the job market, the Mortgage Bankers Association's chief economist said on Monday. In the second quarter, the delinquency rate for mortgages on one-to-four unit residential properties reached a seasonally adjusted 8.44%, up from 8.32% in the first quarter, yet still down from 9.85% when compared with the second quarter of 2010, according to the MBA's quarterly delinquency report. "While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped. Mortgage delinquencies are no longer improving and are now showing some signs of worsening," Jay Brinkmann, chief economist of the MBA said in a news release. Meanwhile, the percentage of mortgages entering the foreclosure process was 0.96% in the second quarter, the lowest level since 2007, down from 1.08% in the first quarter and 1.11% in the second quarter of last year. And the percentage of mortgages in the foreclosure process was 4.43% at the end of the second quarter, down from 4.52% in the first quarter and 4.57% in the second quarter of 2010. [ link to www.marketwatch.com] |
TheBaker (OP) User ID: 1379001 United Kingdom 08/22/2011 10:06 AM Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA and then the Gold will reach $1900... |
BRIEF
User ID: 381742 United States 08/22/2011 01:37 PM
Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Want to find out who the real home owners are? Try missing your slave payments... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
TheBaker (OP) User ID: 1379001 United Kingdom 08/22/2011 01:40 PM Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Another credit crunch |
Anonymous Coward User ID: 1515347 United States 08/22/2011 02:00 PM Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Want to find out who the real home owners are? Try missing your slave payments...
Quoting: BRIEF try not paying your property tax, mr homeowner. |
BRIEF
User ID: 381742 United States 08/22/2011 02:37 PM
Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Want to find out who the real home owners are? Try missing your slave payments...
Quoting: BRIEF try not paying your property tax, mr homeowner. Quoting: Anonymous Coward 1515347 Property taxes aren't shit compared to a mortgage payment...besides I use the roads and infrastructure that the taxes pay for...I'm not out to get a free ride I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BigDog10000000000000
User ID: 1317639 United States 08/22/2011 03:53 PM Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA BigDog |
Anonymous Coward User ID: 1392111 United States 08/22/2011 03:58 PM Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Want to find out who the real home owners are? Try missing your slave payments...
Quoting: BRIEF Yes and when you don't have to make the payments anymore try missing the TAX payments! |
BRIEF
User ID: 381742 United States 08/22/2011 04:11 PM
Report Abusive Post Report Copyright Violation | Re: Mortgage delinquency rate rises to 8.44%: MBA Want to find out who the real home owners are? Try missing your slave payments...
Quoting: BRIEF Yes and when you don't have to make the payments anymore try missing the TAX payments! Quoting: Anonymous Coward 1392111 Why would I not pay my taxes? I use the services that the taxes pay for...Are you just looking for a free ride? Don't you feel responsible for your share of maintaining infrastructure? Are you suggesting that a mortgage and interest and taxes is better than only paying taxes? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |