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The mortgage delinquency rate rises for the first time in a year, reports the MBA - home loans...

The mortgage delinquency rate rises for the first time in a year, reports the MBA - home loans 30 days late rising 18 bps last quarter to 7.58% of the total. "It's reflecting weak job growth in Q2," says the group's Michael Frantantoni.
Comments (9)
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    this cant be - cnbc assured us the bottom is in, the market has turned and we are off to the races;
    are jobs really necessary?
    9 Aug 2012, 11:29 AM Reply Like
  • PBfromGA
    , contributor
    Comments (26) | Send Message
     
    Where is a happyface sarcasm emoticon when you need one?
    9 Aug 2012, 11:35 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    exactly...they have been hyping the housing market all week....hmmmm..this kind of kicks it
    9 Aug 2012, 12:11 PM Reply Like
  • Ohrama
    , contributor
    Comments (512) | Send Message
     
    perhaps the banks started asking the deadbeats to begin paying the mortgages again now that uncle Ben B stopped paying them or what he pays is not enough for them!
    9 Aug 2012, 04:41 PM Reply Like
  • $CLU
    , contributor
    Comments (207) | Send Message
     
    This sounds more likely.
    Just enough to begin getting a handle on delinquencies but not enough to blow the top off and get media attention. (And ruin some presidential campaigns along the way.)
    9 Aug 2012, 08:22 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    While XHB hits multiyear highs...clear disconnect
    9 Aug 2012, 04:44 PM Reply Like
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    Common....... Banks see buyers coming out of the woodwork. The rental game is bigger the LGF's game movie. It's time to take the foreclosure choke off and sell those puppies ! No more negotiating with underwater owners as buyers are lined up ! This is how capitalism is supposed to work ! Enjoy and buy if you can !
    9 Aug 2012, 07:31 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9934) | Send Message
     
    Capitalism ??? And where would that be ?
    9 Aug 2012, 07:46 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3957) | Send Message
     
    the federal home loan banks can buy up all the delinquent mtgs and pay property taxes too. why not lets go all in before the bust.
    9 Aug 2012, 10:48 PM Reply Like
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