Mortgage delinquency of at least 30 days was 6.4 percent as of June 30 on a seasonally adjusted basis, according to the National Delinquency Survey announced by the Mortgage Bankers Association. Delinquency rose from the first quarter. But second-quarter subprime delinquency declined to 18.7 percent, the report indicated. Late payments on loans insured by the Federal Housing Administration also were down, falling for the second straight quarter to 12.6 percent.
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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