90-Day Delinquencies Fall Again
More evidence that the housing crisis is easing: Fannie Mae said Thursday that delinquencies of 90 days or longer on single-family mortgages declined in July for the fifth-straight month.
The overall delinquency rate fell to 4.82 percent in July, down from 4.99 percent in June. This was a 10-month low.
Source: The Wall Street Journal, Nathan Becker (09/30/2010)