Tag Archive | “americans”

Record 9.6 Percent of Homeowners Are Behind On Their Mortgages

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According to the Mortgage Bankers Association, a record percentage of Americans are now being late in paying their mortgages.

homeowners

The MBA said on Thursday that 9.64% of all loans were in delinquency in the third quarter. This was a rise from a record of 9.24% which prevailed in the second quarter and up from 6.99% which was a year ago.

As said by the MBA chief economist, Jay Brinkmann, job losses are the main reason for the deteriorating performance in mortgage payments.

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September 2011
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