Posted on 06/19/2006 10:23:07 AM PDT by So Cal Rocket
NEW YORK, June 19 (Reuters) - Late payments and new foreclosures on U.S. homes declined in the first quarter of 2006 compared with the last quarter of 2006, reflecting an improving economy and job creation, the Mortgage Bankers Association said on Monday.
The mortgage delinquency rate fell to 4.41 percent in the first quarter from 4.70 percent the prior quarter. New foreclosures on homes declined to 0.41 percent from 0.42 percent in that period, the MBA said in its quarterly National Delinquency Survey.
These figures are seasonally adjusted.
Delinquency rates would have been even lower without the effects of Hurricane Katrina, although the impact is slowly diminishing.
Nooo! Bubble! Middle-class is dying! Buy gold....Bush bad....
Can you get me the link to the last quarter 2006 data, I have some investment decisions I need to make. I'm sure a lot of people will be interested in getting that info, too :)
The data itself is only available through subscription from the Mortgage Banker's Association of America.
I'd settle for the right six numbers for the next lotto draw.
Darn that economy - it just keeps getting better and better and getting people out of trouble.
LOL, I can't believe Reuters would actually print this. I just KNOW I'll hear it on the news tonight.....NOT!!!
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