Mortgage Delinquencies Surge

The Federal Reserve reported that home mortgage delinquencies rose to 7.91%, the highest level since the Fed began tracking delinquencies.

Credit card delinquencies, at 6.5%, are also at record highs. Commercial real estate delinquencies are also rising rapidly at 6.4%. The overall delinquency rate of all consumer loans stands at 4.7%, also a record.

Related posts:

1. Mortgage Delinquencies Continue to Increase
2. Mortgage Rates Rise as Foreclosures Increase
3. Fed Says Growth Likely To Return
4. Resetting Option ARM’s Increasing Mortgage Delinquencies
5. Strategic Mortgage Defaults A Cause For Concern

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