Report: Fewer people behind on home loans
The end of the foreclosure crisis is finally in sight. For the first time in
almost three years, the number of homeowners falling behind on their loans
is declining.
“Housing is on a path to recovery,” said Mike Larson, a real estate analyst
with Weiss Research.
A report Friday from the Mortgage Bankers Association showed Florida had
some of the biggest declines in new delinquencies.
The figures probably mark “the beginning of the end” of the crisis, said Jay
Brinkmann, the trade group’s chief economist.
In another encouraging sign, the number of borrowers who had missed at least
one payment but were not yet in foreclosure also fell for the first time
since the beginning of 2007.
Posted: 22 February 2010
Source: Florida Association of Realtors
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