FDIC: Mortgage delinquency rate at lowest level since 2009

The FDIC says that only 6.68% of mortgages held by major banks were delinquent in the second quarter of the year — the lowest level in two years.

For the seventh consecutive quarter, the actual amount of loans between 30 days and 90 days delinquent decreased. Today only about $70 billion is in “early-stage delinquency,”  the lowest level since the late 2007.

Click here to read the full story at Housing Wire.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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