Second Quarter 2010 National Delinquency Numbers

The second quarter, 2010 report shows that the delinquency rate for mortgage loans on one- to four-unit residential properties dropped to a seasonally adjusted rate of 9.85 percent of all loans outstanding as of the end of the quarter, a decrease of 21 basis points from the first quarter of 2010, and an increase of 61 basis points from one year ago.

Delinquency and foreclosure measures are broken out into loan type (prime, subprime, VA and FHA) and fixed and adjustable rate products. At each geographic classification, there are 7 measures: total delinquencies, delinquency by past due category (30-59 days, 60-89 days and 90 days and over), new foreclosures, foreclosure inventory and seriously delinquent. The total number of loans serviced each quarter, as compiled through the survey, is also included in the data. The NDS is one of the most recognized sources for residential mortgage delinquency and foreclosure rates. Based on a sample of more than 44 million mortgage loans serviced by mortgage companies, commercial banks, thrifts credit unions and others, NDS provides quarterly delinquency and foreclosure statistics at the national, regional and state levels.

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