Mortgage payments during Q3 showed a surprising rise in delinquencies, as the rate at which...


Mortgage payments during Q3 showed a surprising rise in delinquencies, as the rate at which payments were late by 60 days or more rose for the first time since Q4 2009, TransUnion reports. Between Q2 and Q3, all but 10 states and D.C. saw delinquency rates increase.

Comments (11)
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    LOL!!! SURPRISE!!
    8 Nov 2011, 10:36 AM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    What do they expect with near 25% unemployment rate. Parents can only take in so many children.
    8 Nov 2011, 11:30 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    Come on press print the actual numbers...5.88% up from 5.82%...
    done from the high of 6.9%...so 94.12% are on time???
    8 Nov 2011, 12:33 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    94% on time translates to the biggest foreclosure crisis in U.S. history. We're only in the third inning of this thing...
    8 Nov 2011, 03:02 PM Reply Like
  • User 509088
    , contributor
    Comments (1704) | Send Message
     
    not so surprising with the above point re unemploment but also the strong encouragement from some to force the title issue by not paying
    8 Nov 2011, 02:25 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    Everyone now knows that if you don't pay the Obama government will step in and help you out. So why pay your mortgage? No reason really. Expect foreclosures to continue up until we get rid of our Fascist government politicians (both sides of the aisle).
    8 Nov 2011, 03:23 PM Reply Like
  • miscon2
    , contributor
    Comments (67) | Send Message
     
    Hey Neil, at least some folks are getting to play by the same rules the banks and corps have been playing by for decades.
    8 Nov 2011, 05:37 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    "Hey Neil, at least some folks are getting to play by the same rules the banks and corps have been playing by for decades."

     

    Really. That's important to you? The banks and corps are only doing what the government is encouraging them to do. If the government decided that stealing cars was ok and would not be punished, how many of your good neighbors would start stealing cars? Then, would you blame your neighbors or the government?

     

    This is a major problem with todays voters, they don't understand cause and effect. I guess as long as you stand for punishing those whom you've been told should be punished (regardless of the truth) then you can go home get a good nights sleep. No need to use any of those brain cells or to sweat the small stuff all the while feeling righteous and good.
    8 Nov 2011, 06:12 PM Reply Like
  • miscon2
    , contributor
    Comments (67) | Send Message
     
    Well, last time i checked our gov was owned by banks and corps via campaign contributions. I dont blame gov or corps - i blame them both because they are one and the same. If normal folk can get ahead depite all the walls that theyve had put in front of them by this unholy union, i say great, and i dont feel bad about it.

     

    Voters in this country vote for whomever fox or msnbc tells em to, and both politicians and corps forget about them as soon as the election cycle ends. So F em - take what you can get.
    8 Nov 2011, 06:21 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    "Well, last time i checked our gov was owned by banks and corps via campaign contributions."

     

    Wow, well a couple of knowledge lessons. American is supposed to be the land of freedom. We don't expect banks and corps to do whats right that's what we have laws and government for. So if banks, corps and elected officials are all doing the wrong things, its only the government officials that are abrogating their responsibility. They are who is supposed to keep the system fair. Giving government officials a free pass is exactly what they want you to do. In other words, your doing exactly what they have indoctrinated you to do. They also want you to blame the banks and corps. Please wake up.

     

    Guess what, every government official wants power more than campaign donations. That's why some campaign donations get returned. So if we vote them out, eventually we can get them to do what the voters want. The problem. Voters who vote for corrupt politicians simply because of a promised ideology, which most of the time is simply a lie anyway.
    8 Nov 2011, 09:28 PM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    Get ready for the bloodbath early next year....Oh boy Oh boy. I believe another 20-30% decline in home prices is in the near future.
    Home prices are still too high with the rate of wage inflation. People are not making enough money to afford the average median price of $200,000...

     

    With 30% unemployment..home prices are not sustainable. (You will see the unemployment rate go down as more and more people fall off the backend of unemployment insurance benefits..and those people are no longer counted)..The main reason for the 9.1% to 9.0% drop in the unemployment rate... The Birth/Death overlay was plus 103,000, which means the country actually lost a net 23,000 jobs.
    8 Nov 2011, 10:14 PM Reply Like
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