Subprime Loan Delinquencies Down in June

By GlobeSt News Hub

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US-According to CoreLogic, a mortgage analytics company, subprime delinquencies were showing a downward trend, while the prime mortgage market was also not performing well. About 2,376,120 subprime loans in America were still there in the market in June 2010, a 12.5% decrease from that of June 2009.

In June, about 39.6% of subprime loans was 60 days delinquent, 35% was 90 days delinquent, 13% of loans was in the danger of foreclosure and 3.8% was related to real estate. For the full story, go to Housingwire.com.

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Categories: Mid-Atlantic, Residential, Analysis, Washington, DC