Mortgage Bankers Association announced that the percentage of delinquent mortgage holders dropped to the lowest level in two years during the final quarter of last year. Delinquency rate on mortgage loans three or more months past due went from 5.02% at the beginning of 2010 to 3.63% at the end of the fourth quarter of 2010. That's 28% decrease over the course of the year.
If less homeowners are behind in payments, there should be less foreclosures.
Read the entire Atlanta Journal Constitution article for more info: http://www.ajchomefinder.com/mortgage-center/have-we-turned-the-858804.html
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