g********n
发帖数: 2314 | 1 Mortgage delinquencies hit another record in 3Q
Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for
3rd straight period
* By Eileen Aj Connelly, AP Personal Finance Writer
* On 12:48 am EST, Tuesday November 17, 2009
NEW YORK (AP) -- The good news is that the pace at which people fell behind
on their mortgages slowed during the summer for the third quarter in a row.
The bad news is the overall delinquency rate hit another record.
AP - Homeowners line up at the Cow Palace in Daly City, Calif., Friday, Oct.
16, 2009. Thousands of homeowners ...
AP - Homeowners line up at the Cow Palace in Daly City, Calif., Friday, Oct.
16, 2009. Thousands of homeowners ...
For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans
were 60 or more days past due, according to credit reporting agency
TransUnion. That's up 58 percent, from 3.96 percent, a year ago.
Being two months behind is considered a first step toward foreclosure,
because it's so hard to catch up with payments at that point.
The rate was up 7.6 percent from the second quarter. That's a much smaller
jump than the 11.3 percent rise in the second quarter from the first, and
the 14 percent leap seen in the quarter before that.
While the slowing growth rate is a positive sign, the increase shows there's
still a lot of problematic mortgages out there, said F.J. Guarrera, vice
president of TransUnion's financial services division. The company doesn't
expect the figure to start declining until the middle of 2010.
Two things must get better before mortgage delinquency rates start reversing
themselves, he said: home values and unemployment. "Until we see
improvement in both of those areas, it's possible that it will take longer
for delinquency to improve," Guarrera said.
The statistics, which are culled from TransUnion's database of 27 million
consumer records, show that mortgage delinquencies remain highest in the
four states where the crisis has hit the worst.
-- In Nevada, the rate reached 14.5 percent, up from 7.7 percent a year ago.
-- In Florida, the rate was 13.3 percent, up from 7.8 percent last year.
-- In Arizona, the rate hit 10.4 percent, up from 5.5 percent in 2008.
-- In California, the rate jumped to 10.2 percent, from 5.8 percent last
year.
North Dakota remained the state where mortgage holders most often paid on
time, with just 1.7 percent delinquency, up from 1.4 percent last year.
TransUnion expects delinquency to rise to just short of 7 percent for the
fourth quarter, compared with 4.6 percent for the 2008 fourth quarter. The
rate may reach 16 percent in Nevada. Those states with the highest
delinquency and foreclosure rates will likely continue to see depressed
housing prices.
The average mortgage debt per borrower nationwide edged up to $193,121 in
the third quarter, from $192,287 last year. The District of Columbia had the
highest average mortgage debt per borrower at $359,788. The lowest average
mortgage debt per borrower was in West Virginia at $97,265. | n******n
发帖数: 12088 | 2 怎么还没来呀。
behind
.
Oct.
【在 g********n 的大作中提到】
: Mortgage delinquencies hit another record in 3Q
: Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for
: 3rd straight period
: * By Eileen Aj Connelly, AP Personal Finance Writer
: * On 12:48 am EST, Tuesday November 17, 2009
: NEW YORK (AP) -- The good news is that the pace at which people fell behind
: on their mortgages slowed during the summer for the third quarter in a row.
: The bad news is the overall delinquency rate hit another record.
: AP - Homeowners line up at the Cow Palace in Daly City, Calif., Friday, Oct.
: 16, 2009. Thousands of homeowners ...
| b*****g
发帖数: 983 | 3 The problem is when was the last one ...
behind
.
Oct.
【在 g********n 的大作中提到】
: Mortgage delinquencies hit another record in 3Q
: Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for
: 3rd straight period
: * By Eileen Aj Connelly, AP Personal Finance Writer
: * On 12:48 am EST, Tuesday November 17, 2009
: NEW YORK (AP) -- The good news is that the pace at which people fell behind
: on their mortgages slowed during the summer for the third quarter in a row.
: The bad news is the overall delinquency rate hit another record.
: AP - Homeowners line up at the Cow Palace in Daly City, Calif., Friday, Oct.
: 16, 2009. Thousands of homeowners ...
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