by Calculated Risk on 12/06/2007 10:07:00 AM
Thursday, December 06, 2007
MBA: Mortgage Delinquencies Highest Since 1986
The MBA is reporting today (no link) that mortgage delinquencies increased sharply in Q3 2007. A few data points:
Total, 1-4 units delinquences increased to 5.59% from 5.12% in Q2.
Prime increased to 3.12% from 2.73% in Q2.
Subprime increased to 16.31% from 14.82% in Q2.
Delinquencies and foreclosures increased for every category, including prime fixed rates.