Investor's Business Daily
June 6th, 2008
(pdf scan)Mortgage Delinquencies, Foreclosures at Record High
Delinquencies jumped 0.53 point in Q1 to 6.35%, the highest since records began in '79. Delinquencies of both subprime and prime loans jumped. The new foreclosure rate climbed 16 basis points to a record 1.99% as the subprime rate topped 4%. But the foreclosure rate for gov't-backed FHA loans fell.