Fears over a large overhang of potential foreclosures that could threaten the housing recovery have failed to materialize — and aren’t likely to do so — according to the Mortgage Bankers
The number of home owners behind on their mortgage payments or facing foreclosure dropped to a five-year low in the second quarter,according to a report released Thursday by the Mortgage Bankers Association. At the end of June, nearly 6 percent of home mortgages were 90 days or longer past due or in the foreclosure process. That’s down from a 9.7 percent high set in late 2009, and down from 7.3 percent last year at this time.
The number of home owners behind on their mortgage payments or facing foreclosure dropped to a five-year low in the second quarter,according to a report released Thursday by the Mortgage Bankers Association. At the end of June, nearly 6 percent of home mortgages were 90 days or longer past due or in the foreclosure process. That’s down from a 9.7 percent high set in late 2009, and down from 7.3 percent last year at this time. “At a national level, all of the indicators are good. The numbers are down where they should be down. In the 6-minute video Why ‘PATH’ Approach to Fannie, Freddie Phase-out is Troubling
No comments:
Post a Comment