Foreclosures fall off significantly
by Associated Press
Published: February 19,2010
WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.
The Mortgage Bankers Association said Friday the percentage of borrowers who missed just one payment on their home loans fell to 3.63 percent in the October to December quarter, down from 3.79 percent in the third quarter. The decline was even more remarkable because delinquencies usually rise at during that time of year because of heating bills and holiday spending.
However, more than 15 percent of homeowners with a mortgage had missed at least one payment or were in foreclosure, a new record
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Alumni-couple donate $12.3M to Mississippi State
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Town given Obamacare insurance break, but faces additional costs in 2015
- TRIP releases report on state's crumbling roads, bridges
- Omega Protein shifting vessels to Mississippi
- Butler Snow Advisory Services adds Jimmy Bailey
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- CARTOON — Nobile illustrates Thad Cochran's most significant advantage over the competition
- MDA to lead delegation on mission to Europe