AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Delinquencies Fall, Foreclosures Inch Up.(home loans)(Brief Article)

Mortgage Servicing News

| July 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The overall seasonally adjusted delinquency rate for home loans fell by 16 basis points to 4.33% in the first quarter, but new foreclosures have increased slightly, according to the Mortgage Bankers Association.

The MBA's quarterly delinquency survey showed that, on a seasonally adjusted basis, loan performance between the fourth quarter of 2003 and the first quarter of this year improved in all categories except new foreclosures, which inched up to 0.46% from 0.45%. (The foreclosure inventory percentage at the end of the first quarter was 1.27%, two basis points lower than the fourth-quarter rate of 1.29%.)

"With the ongoing strength of the economy during the first quarter of 2004, delinquency rates continued their fall from post-recession peaks in the second quarter of 2003," said Doug Duncan, MBA's chief economist and senior vice president. "An expectation of strong job growth for the rest of the year and continued strength in the housing market bodes well for lower delinquency ...

Related articles from newspapers, magazines, journals, and more
Third-quarter mortgage delinquencies jump across the board.(Briefing...
Magazine article from: Mortgage Banking February 1, 2007 700+ words
...during the third quarter of 2006, while...quarterly National Delinquency Survey (NDS) noted that...outstanding in the third quarter of 2006 on a seasonally...points. The third-quarter National Delinquency Survey results covered...
Mortgage Delinquencies Fell and Foreclosure Inventory Rose in Fourth Quarter;...
Press release article from: PR Newswire March 4, 2002 700+ words
...WASHINGTON -- In the fourth quarter of 2001, the share...s latest National Delinquency Survey (NDS), the delinquency...percent in the fourth quarter of 2001, down 22 basis...decreased in the fourth quarter. The rate dropped...ABOUT THE NATIONAL DELINQUENCY SURVEY: The NDS, ...
National Delinquency Survey shows delinquencies, foreclosures down in fourth...
Newspaper article from: Daily Record (Kansas City, MO) April 11, 2005 700+ words
...Staff The fourth-quarter 2004 National Delinquency Survey, released by the...end of the fourth quarter, down 26 basis points...delinquencies for the next few quarters." The seasonally...Since the fourth quarter of 2003, the SA delinquency...
MBA: Q2 mortgage foreclosures down, delinquencies up.(National Delinquency...
Magazine article from: Mortgage Banking October 1, 2005 700+ words
...dropped during the second quarter of 2005, according to...s quarterly National Delinquency Survey (NDS) noted the seasonally...points from the first quarter to 4.34 percent at the end of the second quarter, but was down 22 basis...
Servicers Brace for Default Surge.
Magazine article from: Mortgage Servicing News Cornwell, Ted October 1, 2007 700+ words
...quarterly delinquency survey. And that...the first quarter and 22 basis...high for the delinquency survey. Moreover...two to four quarters away. The...the second quarter, up 12 basis...quarterly delinquency survey of the Mortgage...
Job losses drive mortgage delinquencies to record high in Q4.(Briefing Book)
Magazine article from: Mortgage Banking April 1, 2009 700+ words
...during the fourth quarter of 2008 rose again...MBA's fourth-quarter 2008 National Delinquency Survey (NDS) noted that...MBA's National Delinquency Survey, according to Brinkmann...increases we saw last quarter in loans 90 days...
Trends Suggest Delinquency Rate May Head Lower.
News wire article from: Mortgage Line February 23, 2005 700+ words
...these loans. The delinquency survey found that the delinquency...this year's third quarter, 10.39% of subprime...somewhat volatile on a quarter-to-quarter basis. Subprime...four million of the delinquency survey's 38 million loans...
Overdues Hit Record.
Magazine article from: National Mortgage News Cornwell, Ted June 9, 2008 700+ words
...highs in the first quarter in yet another sign...Association's quarterly delinquency survey. Overall, 8.82...foreclosure during the first quarter. Excluding the foreclosure...do from the fourth quarter, suffered as more...2.47% of the MBA delinquency survey's 45 million home...
The delinquency Dilemma. (Cover Report: Servicing).(Industry Overview)
Magazine article from: Mortgage Banking McGarity, Mary February 1, 2003 700+ words
...releasing third-quarter 2002 National Delinquency Survey data. He added...end of the third quarter of 2002, according...recent National Delinquency Survey done by MBA. That...from the previous quarter. The total percentage...
New Foreclosures Hit High.
Magazine article from: National Mortgage News Cornwell, Ted September 10, 2007 700+ words
...quarterly delinquency survey. The rate...the first quarter and 22 basis...high for the delinquency survey, MBA chief...two to four quarters away. The...the second quarter, up 12 basis...quarterly delinquency survey of the Mortgage...
For more facts and information, see all results

Source: HighBeam Research, Delinquencies Fall, Foreclosures Inch Up.(home loans)(Brief Article)

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA