The Mortgage Monitor for August(pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 695,548 home mortgages, or 1.37% of all mortgages outstanding, remaining in the foreclosure process at the end of August, which was down from 711,265, or 1.40% of all active loans that were in foreclosure at the end of July
The Federal Reserve's consumer credit report for July 2012 shows a 1.5% annualized monthly increase in consumer credit. Revolving credit declined, -6.75%, and nonrevolving credit increased 1.0%. The Credit Kraken went back into it's cave.
The Federal Reserve's consumer credit report for January 2012 shows a 8.6% monthly increase in consumer credit. Revolving credit decreased, -4.4%, and nonrevolving credit surged 14.7%. The Credit Kraken is clearly on a rampage, for the third month is a row, mainly on the backs of people going to school.
The delinquency rate for mortgage loans on one-to-four unit residential properties fell to a seasonally adjusted rate of 9.47 percent of all loans outstanding as of the end of the fourth quarter of 2009, down 17 basis points from the third quarter, and up 159 basis points from one year ago.
Don't you believe it. Firstly, 14.05% of all mortgages are delinquent or in foreclosure, not seasonally adjusted, 15%. Then, this from Calculated Risk:
Recent comments