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Reported by: Newsroom Solutions Thursday, Nov 19, 2009 @01:45pm CST The delinquency rate for residential mortgage loans rose to about nine-point-six percent in the third quarter, breaking the second-quarter record.
The Mortgage Bankers Association says this rate includes loans that are at least one payment past due. Percentages of home loans three or more months past due, in foreclosure and foreclosure starts all set new record highs in the third quarter. The association's chief economist Jay Brinkmann attributes this dismal news to the nation's high unemployment. He said 44-percent of the quarterly rise in foreclosures was from prime fixed-rate loans. Delinquent mortgage payments and foreclosures continue to be big problems in Florida, California, Arizona and Nevada. |
3:00 PM
Reported by: Newsroom Solutions
Child hurt in one incident. |
2:40 PM
Reported by: Newsroom Solutions
This time around 2010 Camry's are involved. |
2:30 PM
Reported by: KARK 4 News
Blaze broke out on Baseline Road Monday night. |
1:30 PM
Reported by: KARK 4 News
Company that made product went out of business five years ago. |
12:25 PM
Reported by: KARK 4 News
Police say no one was inside. |
12:15 PM
Reported by: KARK 4 News
Race is on March 7th. |
12:05 PM
Reported by: KARK 4 News
Reports come in from across north and central Arkansas. |
10:45 AM
Reported by: KARK 4 News
State is ranked second behind Mississippi in country's southeast region. |
10:30 AM
Reported by: KARK 4 News
Twenty-nine year old victim was from North Little Rock. |
10:15 AM
Reported by: Newsroom Solutions
Had been trapped inside market. |