Ilyce Glink Show on WSB Radio: New data shows that mortgage delinquency rates are up after five months of improvement.
On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how mortgage delinquencies have taken a sharp turn up.
According to Lender Processing Services, the national delinquency rate is at 6.7 percent, which is 10 percent higher than May and the highest level since February. Ilyce said what is even more disturbing is that nearly half of the loans modified in 2009 by the Obama Administration Rescue Program have defaulted for a second time. Overall, the mortgage delinquency is a little lower than last year, but the real concern is how the loans were being modified.
You can rely on Ilyce to give you the best real estate and personal finance advice.
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WSB Radio’s Ilyce Glink Show – July 28, 2013
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