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Prime loans

= 3.41% in foreclosure

= 6.89% at least 30 days late

FHA Loans

= 3.93 % in foreclosure

=12.09% at least 30 days late

- Between now and the end of 2011 a very large number of loans are set to reset the interest rates

- Short sales typically sell for approximately 87% of regular sale home

- REOs sell for about 60% of regular sale homes

- About 30% of foreclosure auction homes are going back to the bank

Based on a report from CDPE and the Mortgage bankers Association

Posted by Lehel Szucs on July 21st, 2010 4:24 PMPost a Comment (0)
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