Risk of foreclosure dips, but remains elevated - Yahoo! Finance=
Both quotes are from the linked article:
"The Mortgage Bankers Association said Thursday 8.2 percent of homeowners missed at least one mortgage payment in the October-December quarter."
"Typically, the percentage of seriously delinquent borrowers -- those more than 90 days behind on their mortgages or in foreclosure -- is just above 1 percent. In the fourth quarter, that figure was 8.57 percent."
So let me get this straight. In the 4th quarter, 8.2 percent of homeowners missed at least one mortgage payment, but 8.57 percent of homeowners were seriously delinquent (more than 90 days behind on their mortgages or in foreclosure). :blink: I love integrity with the numbers. Just imagine the hocus pocus they can use if you bothered to read more than one single article.
Both quotes are from the linked article:
"The Mortgage Bankers Association said Thursday 8.2 percent of homeowners missed at least one mortgage payment in the October-December quarter."
"Typically, the percentage of seriously delinquent borrowers -- those more than 90 days behind on their mortgages or in foreclosure -- is just above 1 percent. In the fourth quarter, that figure was 8.57 percent."
So let me get this straight. In the 4th quarter, 8.2 percent of homeowners missed at least one mortgage payment, but 8.57 percent of homeowners were seriously delinquent (more than 90 days behind on their mortgages or in foreclosure). :blink: I love integrity with the numbers. Just imagine the hocus pocus they can use if you bothered to read more than one single article.
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