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Real Estate Foreclosure
Total delinquencies for all loans past due were at 9.47 percent in the fourth quarter of 2009, down 2 percent from the third quarter of 2009 but up 20 percent from the fourth quarter of 2008. Delinquencies for past due conventional subprime loans were at 25.26 percent, down 4 percent from the third quarter of 2009 but up 15 percent from the fourth quarter of the previous year. Conventional subprime adjustable rate mortgage (ARM) loans that were past due stood at 26.69 percent in the fourth quarter of 2009, down 5 percent from the third quarter of 2009 but up 10 percent from the fourth quarter of 2008.
In the fourth quarter of 2009, 90day delinquencies for all loans were at 4.62 percent, up 5 percent from the third quarter of 2009 and up 68 percent from the fourth quarter a year ago. Conventional subprime loans that were 90 days past due stood at 13.61 percent in the fourth quarter of 2009, down 1 percent from the previous quarter but up 57 percent from the fourth quarter of 2008. Conventional subprime ARMs that were 90 days past due were at 16.23 percent in the fourth quarter of 2009, down 2 percent from third quarter of 2009 but up 50 percent from the fourth quarter of 2008.
During the fourth quarter of 2009, 1.20 percent of all loans entered foreclosure, down 15 percent from the third quarter of 2009 but up 11 percent from the fourth quarter of 2008. In the conventional subprime category 3.66 percent of loans entered foreclosure in the fourth quarter of 2009, a decrease of 3 percent from the third quarter of 2009 and a decrease of 8 percent from the fourth quarter of 2008. In the conventional subprime ARM category, 4.71 percent of loans went into foreclosure in the fourth quarter of 2009, a decrease of 4 percent from the third quarter of 2009 and a decrease of 18 percent from the fourth quarter of 2008.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 1st Quarter Real Estate Market Data – The State of US Real Estate Delinquencies and Foreclosures is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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