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Loan Modification

: Mortgage Lender Implode-o-Meter

Delinquencies Fall by 10%, Lowest Reading in Two Years

By Implode-Explode Heavy Industries

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``The national residential delinquency rate fell by 10% in the fourth quarter to 8.22%, the lowest reading in two years, according to figures released Thursday morning by the Mortgage Bankers Association... However, mortgage executives and real estate professionals are still cautious about any recovery in housing, citing stubbornly high unemployment, and ultra tight underwriting standards.''

Full post as published by Mortgage Lender Implode-o-Meter on February 17, 2011 (boomark / email).

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