More bank professionals expect mortgage delinquencies to decline over the second half of this year than to than to stay the same, according to an industry survey released Tuesday by FICO, a San Jose, California-based analytics software provider.
This is the first time in the quarterly survey’s history the number of professionals expecting mortgage delinquencies to decline outpaced those who expect it to remain the same.
Shadow Inventory Falls 34% from 2010 Peak serious delinquencies, or mortgages past due by 90 days or more, are trending downward,
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