St Louis Finance Lending and Mortgage Loan: Foreclosures Up Delinquencies Down
St Louis Mortgage and Real Estate News –
St Louis Mortgage Refinancing and Principal Loan Reduction News: MBA Said Foreclosures Up Delinquencies Down
St Louis Home Mortgage and Commercial Loans | Principal Reduction Program
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Modification Advocate
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the fourth quarter of 2010.
This was a decrease of 91 basis points from the third quarter of 2010, and a decrease of 125 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
The non-seasonally adjusted delinquency rate decreased 46 basis points to 8.93 percent this quarter from 9.39 percent last quarter as seen by St Louis finance and loan experts.
The percentage of loans on which foreclosure actions were started

