>

St Louis Real Estate Search

Mortgage Delinquencies Continue to Improve

Dennis Norman, St Louis REALTOR

The housing market continues to show signs of recovery, today with the report by S&P/Experian  showing that their credit default index for first mortgages fell by 12 percent in the past year and by over 20 percent (20.8%) for second mortgages during the same period.  While this may not be that exciting of a topic or seem like such a big deal to some, given the fact that mortgage delinquencies are a leading indicator of foreclosures and, over the past few years, foreclosures have pommelled some neighborhoods all but destroying home values, this is really huge from a big picture standpoint.

mortgage delinquencies

Print Friendly, PDF & Email

2 comments to Mortgage Delinquencies Continue to Improve

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>