Thomas Pan: Per the MBA, the delinquency rate in Q3 is 9.46%, a record high dated back to 1972, when the MBA first began keeping tabs. SRSIYRURE
5 days ago
Thomas Pan: Jay Brinkmann, the MBA's top economist, noted, "mortgages are paid with paychecks, not percentage point increases in GDP." SRSIYRURE
5 days ago
Thomas Pan: How could housing market recover with more people late on loan payments? SRSIYRURE
6 days ago
Thomas Pan: The Mortgage Bankers Association: more than one in seven US borrowers were behind on their mortgage payments or facing foreclosure in Q3 SRS