Skip Navigation
StreetEasy

For every loan approved, three more loans are deteriorating

Started by sjtmd
about 16 years ago
Posts: 670
Member since: May 2009
Discussion about
Lender Processing Services’ November monitor reports that of the mortgages that were current through December 2008, 2m or 4.02% fell into delinquency or foreclosure by October 2009. Deterioration was most prominent in the Northeast and Northwest. After the Mortgage Bankers Association reported a record high of 14.4% in serious delinquencies last week, LPS reports that total delinquencies climbed another 0.85% through October to 9.4% and were 32% higher than last year. With the prospect of rising interest rates, what is your take?
Load More Comments

Add Your Comment

Most popular

  1. How much is this apartment worth today?
    25 Comments
  2. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments
  3. Beautiful Fake Reno
    19 Comments
  4. Pre-election luxury market
    68 Comments
  5. 35 Sutton Place...coming soon
    61 Comments