Here is a quote from a service that i get: It’s nationwide. California loan delinquencies are doing even better.
“30 days delinquent decreased to 3.04% from 3.25% in Q3. This is just below 2007 levels and around the long term average.
Delinquent loans in the 60 day bucket decreased to 1.16% in Q4, from 1.19% in Q3.
The 90 day bucket decreased to 2.89% from 2.96%. This is still way above normal (around 0.8% would be normal according to the MBA).
The percent of loans in the foreclosure process decreased to 3.74% from 4.07% and is now at the lowest level since 2008.”
We are on the mend with no where to go but up at this time. Make sure you get in while the getting in is good. DO NOT WAIT UNTIL THE TOP!!
