90 Day Deliquencies Near the 2.2 Million Mark
Posted on 28th December, by waz in news. Comments Off
While 90 day-plus deliquencies are on the decline, this article states that they for outweigh the number of of foreclosure starts. The obvious result is that foreclosure inventories continue to rise as the effects of the various moratoriums continue to be felt.
It will be very interesting to watch the trending in the first quarter of 2011. Without a doubt, lenders will need to begin releasing their “shadow inventory”. How they do this will have a huge effect on the housing market in Maricopa Arizona. If homes are added to the inventory too quickly, values will plunge further. On the other hand, a slow release will only prolong the the housing “bust”. A delicate balance indeed!
