Relevant:
- Over 4 Million Loans 90+ Days Delinquent or in Foreclosure, 72% in Foreclosure Not Made Payment for at Least 1 Year
- foreclosure inventory 30x foreclosure sales volume
- Mortgage Delinquencies Continue to Decline as Foreclosure Inventories Climb
- FHA Is The New Countrywide?
- November Data Shows Foreclosure Inventory Rising for Fifth Consecutive Month
2011-03-29 — blogspot.com
There is a bit of good news in the report. Delinquent and Non-Current Rates are improving. However, the rates are still exceptionally high historically. Also, some of the foreclosure data is skewed by moratoriums and reworked loans.
On the other hand, option ARM foreclosures have increased dramatically over the last six months and 30% of loans in foreclosure have not made a payment for at least two years. 47% of those in foreclosure have not made a payment for at least 18 months.
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