DETROIT-The Mortgage Bankers Association has reported a fall in the rate of delinquent mortgages and properties approaching foreclosure in the US, in the second quarter of 2010.
About 9.85% of total loans outstanding were delinquent as of June 2010 and foreclosure was commenced on 1.1% of delinquent loans. In Michigan, 5.58% of total loans were overdue by 90 days or more, lower by 70% from that recorded in the first quarter. For the full story, go to Detroit Free Press.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
