How mortgage delinquencies and foreclosures fared in the fourth quarter of 2009
By APFriday, February 19, 2010
A look at foreclosure numbers
The Mortgage Bankers Association’s quarterly report on foreclosures Friday showed fewer homeowners are starting to fall behind on their loans, compared with the third quarter. But the number of borrowers who have missed at least three payments kept growing.
Here’s a look at some of the numbers for the last three months of 2009:
Percent of homeowners in foreclosure or delinquency: 15
Percent in foreclosure: 4.6
Percent who have missed any payments: 10.4
Percent who have missed 30-59 days of payments: 3.6
Percent who have missed 60-89 days of payments: 1.7
Percent who have missed at least 90 days of payments: 5.1
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February 22, 2010: 5:11 pm
Even though foreclosures may have peaked in regional markets we still are at a point in our history where more inventory is available in the marketplace than at any time in history. Opportunities for investment abound in today’s markets with the proper research, and market evaluation, to be able to buy REO or distressed notes from lenders. Opportunities have now expanded to the internet as well. So look at your options, due your homework, and learn your markets. Real opportunity is available out there in the real estate markets if you do your homework and can react. |
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