Fannie Mae reported on Tuesday that in Q4 2009, the serious delinquency rate for conventional single-family mortgages rose 26 basis points to 4.98 percent. A year earlier, the rate was 1.89 percent. According to the Reuters report, the multifamily serious delinquency rate dipped 1 basis point ...
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Bloomberg reports that with 3.9 million notices sent to homeowners in default in 2009, The U.S. has set a record for the second straight year. Foreclosure filings exceeded 300,000 for the ninth straight month in November.
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