Decline In Late Mortgage Payments May Be A Positive Indicator For Foreclosures
(nuwireinvestor.com)
2010-03-08
"Late payments on mortgage loans declined slightly during the fourth quarter of 2009 — compared to the previous quarter — representing the first quarter over quarter decrease since mid-2006. Some analysts believe that the drop in 30-day delinquencies may be a positive indicator that the mortgage market is starting to stabilize, and that the number of foreclosure actions may start to decline."