Delinquency Rate Jumps To Record High In Mba Survey

摘要

The delinquency rate on one-to-four-family mortgages jumped to a seasonally adjusted rate of 7.88 percent of all loans outstanding at the end of the fourth quarter of 2008, according to the Mortgage Bankers Association (MBA) national delinquency survey. This was the highest delinquency rate since the MBA began compiling data in 1972. The rate was up a record 89 basis points from the third quarter and 206 basis points from the fourth quarter of 2007. The seasonally adjusted delinquency rate increased 72 basis points from the third quarter to 5.06 percent for prime loans, 185 basis points to 21.88 percent for subprime loans, 81 basis points to 13.73 percent for FHA mortgages, and 24 basis points to 7.52 percent for VA loans.