Aug 30, 2011
FDIC: Mortgage delinquency rate at lowest level since 2009
30 Aug 2011
Posted by Andrew Kantor
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.