from market watch.....
"In the second quarter, the delinquency rate for mortgages on one-to-four unit residential properties reached a seasonally adjusted 8.44%, up from 8.32% in the first quarter, yet still down 9.85% when compared with the second quarter of 2010, according to the MBA’s quarterly delinquency survey, which covers 43.9 million mortgages on one-to-four unit residential properties, or about 88% of all first-lien residential mortgages outstanding.
“While overall mortgage delinquencies increased only slightly between the first and second quarters of this year, it is clear that the downward trend we saw through most of 2010 has stopped. Mortgage delinquencies are no longer improving and are now showing some signs of worsening,” Jay Brinkmann, chief economist of the MBA, said in a news release"..........READ MORE
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