MBA Reports a Record Jump in National Delinquency Rate (Financial Planning.com)
During the fourth quarter the national delinquency rate for home loans jumped 89 basis points — the biggest three-month increase in more than 35 years — to a record 7.88% at yearend, the Mortgage Bankers Association said Thursday.
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During the fourth quarter the national delinquency rate for home loans jumped 89 basis points — the biggest three-month increase in more than 35 years — to a record 7.88% at yearend, the Mortgage Bankers Association said Thursday.
Read More.. and DISCUSS