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The seasonally-adjusted delinquency rate for 1-4 family homes fell18 bps to 7.40% in Q3,...

The seasonally-adjusted delinquency rate for 1-4 family homes fell18 bps to 7.40% in Q3, according to the MBA. The rate fell 59 bps on a Y/Y basis. The percentage of loans in some sort of delinquency fell to 11.71% from 12.63% a year ago. "A significant drop in the shadow inventory of distressed loans (is) a real positive for the housing market." (see Blackstone - buying up everything it sees).
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Comments (1)
  • Brian Bobbitt
    , contributor
    Comments (1906) | Send Message
     
    I want to know who is buying. Is it new homeowners, or investors snapping up leavings, bottom feeders flipping or worse. I want to know all the facts before deciding just how wonderful things are again.

     

    Just the facts ma'am please. (all of them)

     

    Capt. Brian
    The Lost navigator
    16 Nov 2012, 11:08 AM Reply Like
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