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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)
  • 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
  • Where is a happyface sarcasm emoticon when you need one?
    9 Aug 2012, 11:35 AM Reply Like
  • exactly...they have been hyping the housing market all week....hmmmm..this kind of kicks it
    9 Aug 2012, 12:11 PM Reply Like
  • 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
  • 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
  • While XHB hits multiyear highs...clear disconnect
    9 Aug 2012, 04:44 PM Reply Like
  • 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
  • Capitalism ??? And where would that be ?
    9 Aug 2012, 07:46 PM Reply Like
  • 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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