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Thursday, December 06, 2007

MBA: Mortgage Delinquencies Highest Since 1986

by Calculated Risk on 12/06/2007 10:07:00 AM

The MBA is reporting today (no link) that mortgage delinquencies increased sharply in Q3 2007. A few data points:

Total, 1-4 units delinquences increased to 5.59% from 5.12% in Q2.

Prime increased to 3.12% from 2.73% in Q2.

Subprime increased to 16.31% from 14.82% in Q2.

Delinquencies and foreclosures increased for every category, including prime fixed rates.