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New mortgage dilemma… Prime mortgage delinquencies are soaring
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Wednesday, April 22, 2009
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From Calculated Risk:

The tables show that the number of prime 60 days+ delinquent rose to 743,686 in January, from 497,131 in December. This is an increase from 1.93% in December to 2.89% in January.

The number of non-prime 60 day+ delinquent loans increased too; from 428,705 in December to 485,365 in January. But the foreclosure problem is now mostly a prime problem!

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Mortgage bailout failure; delinquencies soaring

Next mortgage bomb about to explode; spark huge crisis

Topics: Mortgages | Boondoggle
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