Mortgage Delinquencies - National Numbers

2nd Quarter - 2010

All Mortgages:

     4.57% in Foreclosure     9.40% in Default (30+ days late)     13.97% Total

Prime Mortgages:

     3.49% in Foreclosure     6.66% in Default (30+ days late)     10.15% Total

Subprime Mortgages:

     14.38% in Foreclosure     25.90% in Default (30+ days late)     40.28% Total

FHA Mortgages:

     3.62% in Foreclosure     12.63% in Default (30+ days late)     16.25% Total

VA Mortgages:

     2.50% in Foreclosure     7.48% in Default (30+ days late)     9.98% Total

 

All Mortgages - 2010

Total Distressed Properties:     6,216,650

Total Predicted Sales:            3,830,000

 

For more information go to www.LocalHomeSaver.com

 

*Based on default percentage for all mortgages

**NAR, Lawrence Yun