Latest MBA stats show 6.99% of mortgages in the U.S.delinquent at end of Q308, the highest...

|By:, SA News Editor

Latest MBA stats show 6.99% of mortgages in the U.S.delinquent at end of Q308, the highest percentage on record, vs. 6.31% Q208. Total loans in foreclosure 2.97% in Q308 vs. 1.69% Q307. [CNBC]